Lattice Semiconductor Corporation (LSCC) saw its shares surge 5.05% in intraday trading on Wednesday, outperforming the broader market. This rally comes on the heels of comments from US Vice President JD Vance underscoring the government's commitment to bolstering domestic semiconductor manufacturing and protecting American AI and chipmakers.

In a speech at an AI summit in Paris, Vance emphasized the importance of semiconductor production, particularly within the US, for enhancing the country's competitiveness and technological leadership. He vowed that the US will safeguard its AI and chipmakers from "theft and misuse" by adversaries, fueling optimism for the semiconductor industry as a whole.

As a leading provider of low-power field-programmable gate arrays, Lattice Semiconductor stands to benefit from this supportive stance towards domestic AI chip production. Analysts are optimistic about Lattice's prospects, with the company forecasting an 11% annualized revenue growth over the next three years, outpacing the broader semiconductor industry's 17% growth forecast.