Lattice Semiconductor Shares Fall as CEO Moves to Coherent

Jim Anderson's departure sees Lattice stock drop 16%, while Coherent's shares rise 23% with his appointment.

Lattice Semiconductor's stock declined significantly after CEO Jim Anderson left for Coherent Corp.
Coherent Corp. experienced a substantial stock increase following Anderson's appointment as CEO.
Esam Elashmawi, Lattice's Chief Marketing Officer, will serve as interim CEO during the search for a permanent replacement.
Anderson's leadership history includes significant roles at Intel and Advanced Micro Devices.
Coherent is expected to leverage Anderson's expertise to boost its AI-related product demand and growth strategies.