Lattice Semiconductor Corporation is an American semiconductor company specializing in the design and manufacturing of low power, field-programmable gate arrays (FPGAs). Headquartered in the Silicon Forest area of Hillsboro, Oregon, the company also has operations in Shanghai, Manila, and Singapore. Lattice Semiconductor has more than 700 employees and an annual revenue of more than $400 million as of 2019. Founded in 1983, the company went public in 1989 and is traded on the NASDAQ stock exchange under the symbol LSCC. History Founding and early growth Lattice was founded on April 3, 1983, by C. Norman Winningstad, Rahul Sud, and Ray Capece, with investment from Winningstad, Harry Merlo, Tom Moyer, and John Piacentini. Lattice was incorporated in Oregon in 1983 and reincorporated in Delaware in 1985. Co-founder Sud left as president in December 1986, and Winningstad left in 1991 as chairman of the board. Early struggles led to chapter 11 bankruptcy reorganization in July 1987. The company emerged from bankruptcy after 62 days and moved from its headquarters in an unincorporated area near Beaverton to a smaller building in Hillsboro, Oregon. Over the next year, the company shrank from 140 to 64 employees but posted record revenues. Cyrus Tsui became the company's chief executive officer in 1988. On November 9, 1989, Lattice became a publicly traded company when its shares were listed on the NASDAQ after in initial public offering. The initial share price was $6, and raised almost $14 million for the company. In July 1990, a second stock offering of nearly 1.5 million new shares raised $22.6 million at $16.25 per share. In 1995, the company attempted to assert trademark rights in the term Silicon Forest beyond the use of its trademark for the use in semiconductor devices. They had registered the mark in 1985, but later conceded they could not prevent the usage of the term as a noun. Forbes ranked the company as their 162nd best small company in the United States in 1996, and Lattice began to double the size of its Hillsboro headquarters. In 2000, annual revenues topped $560 million with profits of $160 million. Its stock price reached an all-time high of $41.34, adjusted for splits. For the next five years, however, the company recorded no annual profit. Acquisitions and leadership changes Lattice purchased Agere Corporation's FPGA division in 2002. In 2004, the company settled charges with the United States government that it had