- Achronix is the only independent supplier of high-performance FPGAs and eFPGA IP based data-acceleration solutions used in high-growth applications.
- Demand for FPGA-based data accelerators is driven by the rapid expansion of high-growth markets, including AI, Cloud, 5G, and ADAS.
- Highly differentiated financial profile with 2020 revenue of $105 million and GAAP net income of $30.4 million.
- The company’s semiconductor portfolio targets the nearly $10 billion data-acceleration market, which is expected to experience double-digit CAGR through 2025 (Data according to Semico Research)
Update on SPAC Transaction
Achronix announced on July 12, 2021 that it does not intend to extend the July 15, 2021 termination date in the merger agreement with ACE Convergence Acquisition Corp. Read more here Achronix and ACE Convergence Acquisition Corp Mutually Agree to Terminate Merger Agreement