Barclays analyst Blayne Curtis views the acquisition of Luxtera by Cisco Systems (CSCO) as a negative for Macom Technology Solutions (MTSI). Cisco is the lead customer for Macom's PSM4 solution but revenue hasn't been seen yet, Curtis tells investors in a research note. He also points out that Macom does not seem to have much traction outside of Cisco for the product. Further, Curtis sees the Luxtera takeover as modest longer term negative for Inphi (IPHI). With respect to CWDM4, the analyst thinks the deal could put pressure on Intel (INTC), Maxim Integrated Products (MXIM) and Macom starting in late 2019 as Luxtera has its own analog solutions.

BofA raised the firm's price target on Lattice Semiconductor (LSCC) to $83 from $75 and keeps a Neutral rating on the shares. Despite "another reset," the firm sees Q2 as the bottom, with Q3 and Q4 recovering double digits quarter-over-quarter as auto and industrial inventory normalizes and as new product launches and software attach rates ramp, the analyst tells investors in a post-earnings note. While it believes Lattice is now past trough earnings, it keeps a Neutral rating as BofA still flags increasing competitive pressures given Intel's (INTC) spinout of its FPGA business could intensify competition, with new/updated and expanded Agilex product portfolio launching in 2024 as well as from non-FPGA vendors longer-term.

Arqit Quantum (ARQQ) announced the creation of the World's First Quantum-Safe, 1.89 Tb IPsec products collaborating with Intel (INTC). Arqit and Intel have joined forces for out-of-the-box post-quantum cryptography solutions using Arqit's Symmetric Key Agreement Platform running on Intel Xeon Scalable processors. Combining Intel technologies with Arqit's SKA-Platform achieves high-performance IPsec encryption, protecting against quantum attacks without compromising speed.