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4-Traders Homepage  >  Equities  >  Nasdaq  >  Lattice Semiconductor Corp    LSCC

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Lattice Semiconductor : White House Press Secretary Issues Statement on President Trump's Decision on Lattice Semicondutor

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09/14/2017 | 01:38pm CEST

WASHINGTON, Sept. 13 -- The White House issued the following statement by Press Secretary Sarah Sanders:

"President Donald J. Trump issued an order prohibiting the acquisition of Lattice Semiconductor Corporation (Lattice) by, among others, China Venture Capital Fund Corporation Limited (CVCF). CVCF is a Chinese corporation owned by Chinese state-owned entities that manages industrial investments and venture capital.

"The President made the decision to issue this order under section 721 of the Defense Production Act of 1950, as amended by the Foreign Investment and National Security Act of 2007. Under the Defense Production Act, the President is authorized to suspend or prohibit certain acquisitions that result in foreign control of a United States business if he concludes, among other things, that there is credible evidence that the foreign interest exercising control might take action that threatens to impair the national security of the United States. The President reached this decision upon consideration of the appropriate factors set forth in section 721 of the Defense Production Act and a review of a recommendation from the Committee on Foreign Investment in the United States.

"The national-security risk posed by the transaction relates to, among other things, the potential transfer of intellectual property to the foreign acquirer, the Chinese government's role in supporting this transaction, the importance of semiconductor supply chain integrity to the United States Government, and the use of Lattice products by the United States Government."

Targeted News Service, source News Service

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Financials ($)
Sales 2017 392 M
EBIT 2017 38,7 M
Net income 2017 -26,4 M
Debt 2017 -
Yield 2017 -
P/E ratio 2017 -
P/E ratio 2018 36,21
Capi. / Sales 2017 1,65x
Capi. / Sales 2018 1,53x
Capitalization 646 M
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Mean consensus HOLD
Number of Analysts 4
Average target price 6,25 $
Spread / Average Target 19%
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Managers
NameTitle
Darin G. Billerbeck President, Chief Executive Officer & Director
John E. Bourgoin Chairman
Glen W. Hawk Chief Operating Officer & Vice President
Maxwell J. Downing Chief Financial Officer, VP & Controller
David L. Rutledge Chief Technology Officer
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