SOURCE: Lattice Semiconductor Corporation

Lattice Semiconductor Corporation

March 14, 2011 16:15 ET

Lattice Semiconductor Confirms No Material Disruptions

HILLSBORO, OR--(Marketwire - March 14, 2011) - Lattice Semiconductor Corporation (NASDAQ: LSCC) today expressed its deep concern for the people of Japan in the aftermath of the severe earthquake and tsunami that have devastated that country. Lattice also confirmed that, based on preliminary discussions with its supply chain partners, its suppliers have not reported any significant damage to their foundry facilities in Japan.

Michael G. Potter, Lattice Corporate Vice President and Chief Financial Officer, said, "Our primary concern is for the safety of our employees in Japan, which we have confirmed, along with the safety of our customers, foundry partners and suppliers. Despite the severity of the earthquake and tsunami, we expect only some slowdowns in certain foundry operations while transportation and power are restored and the facilities are checked for damage. We do not currently expect any material impact on our revenue or on customer deliveries and lead times. Lattice maintains sufficient inventories to fill all present customer requirements. During our year ended January 1, 2011, Japan accounted for 13% of our total revenue."

Forward-Looking Statements Notice:

The foregoing paragraphs contain forward-looking statements that involve estimates, assumptions, risks and uncertainties, including statements relating to our expectations regarding slowdowns in certain foundry operations, regarding the lack of material impact on our revenue or customer deliveries and lead times and regarding the sufficiency of inventories to fill all present customer requirements. Lattice believes the factors identified below could cause actual results to differ materially from the forward-looking statements.

Factors that may cause actual results to differ materially from the forward-looking statements in this press release include unanticipated damage to foundry facilities, unanticipated transportation, logistics and other challenges arising from the earthquake and tsunami events, economic instability in Japanese markets arising from the events, unanticipated customer demand for certain products sourced from certain of the subject foundries, and the other risks that are described in this press release and that are otherwise described from time to time in our filings with the Securities and Exchange Commission. The Company does not intend to update or revise any forward-looking statements, whether as a result of events or circumstances after the date hereof or to reflect the occurrence of unanticipated events.

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Contact Information

  • For more information contact:
    Michael G. Potter
    Chief Financial Officer
    Lattice Semiconductor Corporation

    David Pasquale
    Global IR Partners