Lattice Semiconductor Corporation is an American manufacturer of high-performance programmable logic devices (FPGAs, CPLDs, & SPLDs). Founded in 1983, the company employs about 700 people and has annual revenues of around $300 million, with Darin Billerbeck as the chief executive officer. The Oregon-based company is the number three ranked company in world market share for field programmable gate array (FPGA) devices, and number two for CPLDs & SPLDs. The company went public in 1989 and is traded on the NASDAQ stock exchange under the symbol LSCC. Lattice was founded on April 3, 1983, by C. Norman Winningstad, Rahul Sud and Ray Capece. Winningstad, Harry Merlo, Tom Moyer, and John Piacentini were the early investors in the company. Co-founder Sud left as president in December 1986, and Winningstad left in 1991 as chairman of the board. Lattice was incorporated in Oregon in 1983 and reincorporated in Delaware in 1985. Early struggles led to chapter 11 bankruptcy reorganization in July 1987. The company emerged from bankruptcy after 62 days and moved into a smaller headquarters in Hillsboro, Oregon, from what was then an unincorporated area near Beaverton. The next year the company posted then record revenues while shrinking from 140 employees to 75 employees after the bankruptcy. Cyrus Tsui became the companys 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 in capital for the company. In July 1990, Lattice raised an additional $22.6 million from a second stock offering, selling nearly 1.5 million new shares at $16.25 per share.