Chipmaker Lattice Semiconductor Corp cut its fourth-quarter revenue outlook on softening demand at its communications business, and said it will purchase SiliconBlue Technologies for $62 million in cash.The acquisition of SiliconBlue, which makes parts for digital circuits used in mobile devices, will help Lattice grow its mobile market share.BlueRun Ventures, Crosslink Capital, NEA, Apex Venture Partners, TSMC are among the investors in SiliconBlue.Lattice, which competes with Altera Corp and Xilinx Inc, now expects revenue to decline by 14-17 percent sequentially, from the earlier forecast of a 4-9 percent sequential fall.
Altera Corporation is a semiconductor company. Altera designs, manufactures and markets programmable logic devices (PLDs), HardCopy application-specific integrated circuits (ASICs), intellectual property (IP) cores and development software. Shares of ALTR remained unchanged at $35.48. In the past year, the shares have traded as low as $30.39 and as high as $49.59. On average, 5532610 shares of ALTR exchange hands on a given day and today's volume is recorded at 0.
Xilinx, Inc. (Xilinx) designs, develops and markets programmable platforms. Shares of XLNX remained unchanged at $32.63. In the past year, the shares have traded as low as $26.55 and as high as $37.37. On average, 4903090 shares of XLNX exchange hands on a given day and today's volume is recorded at 0.
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