Lattice Semiconductor, a provider of customized intelligent networking solutions, has decided to end its millimeter wave business in order to focus its company resources on its core business. Lattice estimates that the second quarter of 2018 will be for the millimeter wave business. Approximately $25 million in major non-cash restructuring and impairment charges, and annual operating expenses will be reduced by $13 million. Due to the relatively strong performance of other products, which is sufficient to cover the gap in the millimeter wave business, Lattice believes this move will be for the entire year of 2018. There will be no potential impact on revenue. Lattice said that during the transition period after the completion of the millimeter wave business, the company will continue to support customer products and requirements. Lattice Acting CEO Glen Hawk said that after careful evaluation, The millimeter wave business will not be able to achieve the desired short-term scale to achieve profitability, or the need to continue investing, and is therefore classified as a non-core business. He revealed that before this, Lattice had considered various alternative strategies for the cause. But they are not useful. By ending the millimeter wave business, Lattice will be able to focus more on the opportunities brought by the core business.
