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Lattice Expects No Impact On Current Or Next Quarters' Financial Results Due to Taiwan EarthquakeHILLSBORO, Ore. - September 23, 1999 - Lattice Semiconductor Corporation (NASDAQ: LSCC) today announced that it anticipates no impact on its financial results for either the September or December ending quarters as a result of potential supply disruption of Lattice's products due to Tuesday's earthquake in Taiwan. Lattice Semiconductor sources its semiconductor products from wafer foundries in the U.S., Japan and Taiwan. Currently, the company purchases a substantial majority of its wafers from Advanced Micro Devices in the United States and Seiko Epson in Japan. In addition, Lattice's new BFW products are being manufactured at Seiko Epson. Lattice has a long-term foundry partnership agreement with UMC Group in Taiwan from which it currently procures approximately 10 percent of the company's products. For device package assembly, subcontractors in Taiwan account for less than 5 percent of all Lattice requirements. The company maintains substantial product inventory at its domestic and international distributors as well as abundant inventories of finished, assembled and die based products at its factory. This protects against short-term disruptions in supply as well as unexpected upturns in market demand. "We are confident that the financial results of our September or December ending quarters will not be adversely impacted by any potential disruption in Lattice wafer supplies from Taiwan due to the earthquake," said Steven Laub, Lattice's Chief Operating Officer. "Our primary concern is the welfare of UMC's employees, their families and the Taiwanese people." About Lattice Semiconductor Lattice products are sold worldwide through an extensive network of independent sales representatives and distributors, primarily to OEM customers in the fields of communications, computing, computer peripherals, instrumentation, industrial controls and military systems. Company headquarters are located at 5555 NE Moore Court, Hillsboro, Oregon 97124 USA; Telephone 503-268-8000, FAX 503-268-8037. For more information on Lattice Semiconductor Corporation, access our World Wide Web site at http://www.latticesemi.com. Statements in this news release looking forward in time are made pursuant to the safe harbor provisions of the Private Securities Litigation Reform Act of 1995. Investors are cautioned that forward-looking statements involve risks and uncertainties, including the effect of changing economic conditions, the effect of overall semiconductor market conditions, product demand risks, risks associated with dependencies on silicon wafer suppliers and semiconductor assemblers, the impact of competitive products and pricing, technological and product development risks and other risk factors detailed in the Company's Securities and Exchange Commission filings. Actual results may differ materially from forward-looking statements. Lattice Semiconductor, L (stylized) Lattice, and ISP are either registered trademarks or trademarks of Lattice Semiconductor Corporation in the United States and/or other countries. Vantis, the Vantis logo and PAL are either registered trademarks or trademarks of Vantis Corporation in the United States and/or other countries. Other marks are the property of their respective holders. For more information contact:
Rodney Sloss |