Tomahawk, WI 04/28/2014 (Basicsmedia) – Lattice Semiconductor (NASDAQ:LSCC), reported another quarter of healthy growth last Thursday – proving itself to be the best comeback story that Oregon’s tech community has had to offer of late. Investors compensated the Hillsboro-basedorganization by increasing its share price to its highest point since 2004.

Lattice produces programmable computer chips, better known as FPGAs (field programmable gate arrays), in the industry – which electronics companies can tailor to provide an assortment of functions, ranging from monitoring commercial servers and communications infrastructure to fine-tuning settings in an over-the-counter digital camera.

A Brief Look At This Transition

In a decade during which nearly all of Oregon’s well-known tech companies struggled, there was nobody having worse luck than Lattice Semiconductor Corp.

Afflicted by poor sales figures, accounting scandals and shareholder lawsuits, the chip manufacturing company experienced a decade of losing quarters beginning in 2001. They’d already beenailing for a while by the time the rest of the tech industry slid into a deep recession.

However, in its 28th year, Lattice Semiconductor (NASDAQ:LSCC) is enjoying an unforeseen return to the peak of its market segment. Following two strong quarters, investors and third-party analysts have noted that it’s on a path to growth and have affirmed their faith in Lattice once again.

Their first quarter revenues amounted to $96.6 million, a 36% increase from 1Q2013. Profits summed up to $12.0 million, or 10 cents a share, in comparison to $1.9 million, 2 cents a share, in 1Q2013.

Darin Billerbeckattributed growth in communications products, and for consumer products in China, for the company’s improving results.

The Future For Lattice

Lattice Semiconductor (NASDAQ:LSCC) predicted annual sales growth figures of14% at the very least, in the present quarter, and stated that it expects its expenses to be flat.

Their stock’s valuewent up by 6.7% in after-hours trading that followed results from Thursday, increasing to $8.65 per share.

Additionally, the presence of a chip from Lattice Semiconductor (NASDAQ:LSCC) in Samsung’s new Galaxy S5 is yet another indicator of how their fortunes have change recently.

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