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Advanced Micro Devices AMD and Lattice Semiconductor LSCC are major players in the FPGA (Field-Programmable Gate Array) market. AMD entered this space through its acquisition of Xilinx, while LSCC specializes in low-power FPGAs for applications like industrial automation and edge computing.
Per the Mordor intelligence report, the FPGA Market size is projected to be valued at $11.14 billion in 2025. It is expected to reach $18.76 billion by 2030, at a CAGR of 10.98% during the forecast period of 2025-2030. AMD and LSCC are likely to benefit from the significant growth opportunity highlighted by the rapid pace of growth.
So, AMD or LSCC — Which of these FPGA stocks has the greater upside potential? Let’s find out.
The Case for AMD
Advanced Micro Devices’ acquisition of Xilinx has helped expand into multiple embedded markets, which primarily include embedded CPUs, GPUs, APUs, FPGAs, System on Modules and adaptive SoC products.
The acquisition of Xilinx has helped AMD to consistently push the boundaries of capacity in emulation devices, with each generation nearly doubling its capabilities. The latest VP1902 adaptive SoC offers an impressive 18.5 million logic cells, doubling the programmable logic density of the previous generation Virtex UltraScale+ VU19P FPGA.
AMD’s expanding portfolio has been noteworthy. In the first quarter of 2025, AMD announced the availability of a high-performance, energy-efficient 5G core powered by the Virtex UltraScale+ XCVU5P FPGA, developed in collaboration with Napatech and Druid Software.
AMD also completed its initial shipments of cost-optimized Spartan UltraScale Plus FPGAs and second-generation Versal AI Edge SoCs during the first quarter, meeting the growing demand for AI at the Edge.
AMD is also actively expanding its partnerships with major cloud providers, such as AWS, and incorporating its products into new FPGA-accelerated instances. In the first quarter of 2025, AWS launched FPGA-accelerated instances powered by AMD’s EPYC processors and Xilinx Virtex FPGAs. These instances are optimized for data-intensive workloads such as genomics, multimedia processing, and cloud-based video broadcasting.
The Case for LSCC
Lattice Semiconductor is benefiting from strong demand for its small and mid-range FPGA solutions. The company has continued to expand its footprint in this market, particularly with its Nexus and Avant product families. This has enabled the company to capitalize on new opportunities in high-growth industries.
Building on this momentum, Lattice has positioned its FPGAs in high-growth applications, including AI, data centers, and advanced driver-assistance systems in automotive, along with other emerging markets, such as security, including Post-Quantum Cryptography and AR/VR in consumer markets.
Further strengthening its position in February 2025, the company announced the successful validation of Everspin Technologies' PERSYST Magnetoresistive Random Access Memory (MRAM) for use across all of Lattice’s Field Programmable Gate Arrays (FPGAs).
This collaboration aims to enhance MRAM’s suitability for mission-critical applications, including real-time sensor processing, data logging in avionics, and in-orbit reprogramming for space systems.