Lattice Semiconductor acquires Mirametrix for $66.9M cash, adds AI/computer vision software

LATTICE SEMICONDUCTOR CORP

All-cash deal for Mirametrix at $66.9M, subject to working capital adjustments.
Mirametrix revenue for FY ended Sep 30, 2021 was $9.0M; acquisition expected immediately accretive to gross margin and EPS.
Mirametrix software deployed in over 20 million end user systems; expands Lattice's AI/computer vision solution stacks.
Lattice reaffirms Q4 2021 guidance provided on Nov 2 earnings call.
Companies had partnered for nearly two years; Mirametrix CEO and team to join Lattice.

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