Lattice Semiconductor Corporation (NASDAQ:LSCC) Q1 2023 Earnings Call Transcript

Jim Anderson: Yes, that’s a great question, Ruben, and that’s absolutely correct. We’ve seen, in a lot of cases, software kind of rejuvenate products, older products that have been around for quite a while and yes, so one of the other benefits that we’ve seen to the software portfolio is not just helping enabling and driving the new products, but actually rejuvenating and lengthening the lifetime of the existing products. So we’re quite pleased with that because the amount of incremental investment to activate that on older products is very, very low. And so it’s a really good ROI for us and so we have seen our pre-Nexus products continue to grow in a very healthy way as well. If we look at last year’s growth or the most recent Q1 growth, pre-Nexus products continued to be a big growth driver for us as well, and at least part of that is certainly due to software enablement.

Operator: That does conclude our question-and-answer session. I’d like to turn the floor back over to CEO, Mr. Anderson. Please go ahead, sir.

Jim Anderson: Yes. Thank you, operator, and thanks again, everyone, for being on the call today. We’re certainly pleased with our continued execution and strong results in Q1 and of course, we look forward to sharing more details about all of our future plans at our Investor Day on May 15. Operator, that concludes today’s call.

Operator: Thank you. You may now disconnect your lines, and have a wonderful day. We thank you for your participation today.