Lattice CEO Anderson resigns and joins Coherent as new CEO

On June 3, FPGA giant Lattice announced that its CEO Anderson, who had served for six years, was leaving the company, effective immediately. Due to the departure of CEO Anderson, Lattice's stock price plummeted 15.5% on the 3rd, and its market value evaporated by $1.58 billion. Chief Marketing Officer Esam Elashmawi will temporarily serve as CEO while the board of directors is looking for a new CEO. Soon after, industrial laser manufacturer Coherent announced the appointment of Anderson as its new CEO, replacing former CEO Vincent Mattera, who is about to retire. Coherent's products are widely used in industries such as industry, communications, electronics, and instrumentation, and were once regarded by JPMorgan Chase as one of the beneficiaries of AI demand.