Lattice Semiconductor Corporation (NASDAQ: LSCC) recently announced the appointment of Dr. Ford Tamer as the new Chief Executive Officer (CEO) and a member of the company's board of directors. Tamer brings extensive industry experience and leadership from his previous roles in semiconductors, networking, and enterprise software. He succeeds Esam Elashmawi, who has been serving as the interim CEO since June 2024. Elashmawi will continue in his role as the company's Chief Strategy and Marketing Officer.
The company reaffirmed the guidance it provided on July 29, 2024, signaling stability in their projected performance. Lattice Semiconductor, known as the low power programmable leader, focuses on solving customer problems across various markets including communications, computing, industrial, automotive, and consumer sectors.
This leadership transition comes at an inflection point in the company's history and is expected to position Lattice Semiconductor for continued growth and innovation. The appointment of Dr. Tamer, coupled with the reaffirmation of guidance, indicates a strategic move to maintain stability while driving the next phase of growth for the company. The market has reacted to these announcements by moving the company's shares 12.3% to a price of $50.31. Check out the company's full 8-K submission here.
