Lattice Semiconductor to buy software firm AMI in $1.65 billion deal

Lattice Semiconductor will acquire AMI in a $1.65 billion deal, it said on Monday, as the chipmaker looks to expand into the software and artificial intelligence management space.

“AMI’s expertise in ‌firmware and ⁠infrastructure ⁠for cloud and AI is a natural extension of our portfolio, deepening our role in system-level security, manageability, and control,” said Lattice CEO Ford Tamer.

Under the deal, Lattice will acquire AMI for $1 billion in cash ⁠and around $650 ‌million in shares.