HILLSBORO, Ore.--Lattice Semiconductor Corp. here today reported a 134% increase in revenues to a record $126.1 million in the first quarter of 2000 compared to $53.8 million in the same period last year. Lattice's revenues were 10% higher than $115.0 million in the fourth quarter of 1999.
The company reported a net income in the first quarter of $28.0 million, excluding special items--including a one-time, after-tax gain of $92.1 million from appreciation on shares in a foundry venture sold to United Microelectronics Corp. (see Jan. 4 story). Last year, Lattice's earnings for the first quarter were $11.8 million.
According to the Hillsboro chip company, revenues for complex programmable logic devices (CPLDs) hit a record high of $91.1 million in the quarter, ended March 31. Those revenues were 149% higher than a year ago and 16% above CPLD sales in the final quarter of 1999.
"Strong demand from European and North American customers resulted in double-digit sequential revenue growth in both geographic regions," said Cyrus Y. Tsui, president