Achronix Semiconductor Corporation Joins the OpenCAPI Consortium

Press Releases Date

Santa Clara, Calif., March 8th, 2017 – Achronix Semiconductor Corporation today announced that it has joined the OpenCAPI™ Consortium, an open development community based on Coherent Accelerator Processor Interface technology.

Achronix joins a growing roster of technology organizations that are contributing to the OpenCAPI Consortium and driving data center server innovation. Through the Consortium, members are working collaboratively to innovate on top of OpenCAPI, a high performance coherent bus standard designed to help the technology industry work collaboratively to better meet growing demands for more advanced memory, accelerators, networking and storage technology. Using the OpenCAPI specification developers can enable high performance accelerators like FPGAs, GPUs, network and storage accelerators to perform functions that a server’s general purpose CPU is not optimized to execute.

Through the Consortium, OpenCAPI technology has been made open to the entire industry. By Achronix embracing open collaboration with other industry leaders, innovation and differentiated products can be brought to market faster.

“As hardware acceleration becomes commonplace co-existing with microprocessor architectures, Achronix continues to deliver best-in-class FPGA solutions to address the significant challenges facing high-performance computing and datacenter architectures”, said Steve Mensor, vice president of Marketing at Achronix. “We are delighted to join the OpenCAPI consortium, which will allow us to offer highly efficient accelerator solutions for meeting tomorrow’s computing and performance requirements.”

“The development model of the OpenCAPI Consortium is one that elicits collaboration and represents a new way in exploiting and innovating around coherent accelerator processor technology,” says Scott Graham, OpenCAPI Chair, Micron and “New OpenCAPI Consortium members like Achronix, will be able to create and add their own innovations to further advance differentiation and growth of the OpenCAPI ecosystem.”

To learn more about OpenCAPI and to view the complete list of current members, go to www.opencapi.org.

About Achronix Semiconductor Corporation

Achronix is a privately held, fabless semiconductor corporation based in Santa Clara, California. The Company developed its FPGA technology which is the basis of the Speedster22i FPGAs and Speedcore eFPGA technology. All Achronix FPGA products are supported by its ACE design tools that include integrated support for Synopsys (NASDAQ:SNPS) Synplify Pro. The company has sales offices and representatives in the United States, Europe, and China, and has a research and design office in Bangalore, India. Find out more at https://www.wwwdev01.achronix.com.

Contacts

Alok Sanghavi
Achronix Semiconductor Corporation
408-889-4142
alok@achronix.com
Susan Cain
Cain Communications
408-393-4794
scain@caincom.com

Achronix and Speedster are registered trademarks and Speedcore and is a trademark of Achronix Semiconductor Corporation. All other brands, product names and marks are the property of their respective owners.

Forward-Looking Statements

This press release contains certain forward-looking statements within the meaning of the federal securities laws. These forward-looking statements generally are identified by the words “intend,” “future,” “may,” “will,” “would,” “will be,” and similar expressions. Forward-looking statements are predictions, projections and other statements about future events that are based on current expectations and assumptions and, as a result, are subject to risks and uncertainties. All statements, other than statements of present or historical fact included in this press release, including Achronix’s strategy, products, operations, prospects and pipeline expectations, and plans and objectives of management are forward-looking statements. Many factors could cause actual future events to differ materially from the forward-looking statements in this press release, including but not limited to: changes in domestic and foreign business, market, financial, political, and legal conditions and changes in the combined capital structure; the ability to implement business plans, forecasts, and other expectations and identify and realize additional opportunities; risks related to the rollout of Achronix’s business and the timing of expected business milestones; the effects of competition on Achronix’s business; the effects of the cyclical nature of the semiconductor industry on Achronix’s business; risks related to Achronix’s customer concentration; the risks to Achronix’s business if internal processes and information technology systems are not properly maintained; risks associated with Achronix’s operational dependence on independent contractors and third parties; risks associated with Achronix’s reliance on certain suppliers for, among other things, silicon wafers, and shortages or interruptions in supply of wafers and other supplies; risks and uncertainties related to Achronix’s international operations, including possible restrictions on cross-border investments which could harm Achronix’s financial position; and risks associated with Achronix’s ability to develop new products and adapt to new markets. The foregoing list of factors is not exhaustive. You should carefully consider the foregoing factors and the other risks and uncertainties described in the “Risk Factors” section of ACE’s registration statement on Form S-4, filed with the SEC on February 10, 2021, as may be amended from time to time, and other documents filed or that may be filed by ACE from time to time with the SEC and available on EDGAR at www.sec.gov. These filings identify and address other important risks and uncertainties that could cause actual events and results to differ materially from those contained in the forward-looking statements. There may be additional risks that Achronix does not presently know, or that Achronix currently believes are immaterial, that could also cause actual results to differ from those contained in the forward-looking statements. Forward-looking statements speak only as of the date they are made. Readers are cautioned not to put undue reliance on forward-looking statements as predictions of future events, and Achronix assumes no obligation and does not intend to update or revise these forward-looking statements, whether as a result of new information, future events, or otherwise, except as may be required by applicable law.

About Achronix Semiconductor Corporation

Achronix Semiconductor Corporation is a fabless semiconductor corporation based in Santa Clara, California, offering high-end FPGA-based data acceleration solutions, designed to address high-performance, compute-intensive and real-time processing applications. Achronix FPGA and eFPGA IP offerings are further enhanced by ready-to-use accelerator cards targeting AI, machine learning, networking and data center applications. All Achronix products are fully supported by a complete and optimized range of Achronix software tools called ACE, which enables customers to quickly develop their own custom applications.

Achronix has a global footprint, with sales and design teams across the U.S., Europe and Asia. In January 2021, Achronix entered into a definitive merger agreement with ACE Convergence Acquisition Corp. (Nasdaq: ACEV) in a transaction that would result in Achronix being listed on Nasdaq. The transaction is expected to close in the first half of 2021.

Follow Achronix

Website: www.achronix.com
The Achronix Blog: /blogs/
Twitter: https://twitter.com/Achronixcorp
LinkedIn: https://www.linkedin.com/company/57668/
Facebook: https://www.facebook.com/achronix/
YouTube: https://www.youtube.com/user/AchronixCorp

Contacts

Bob Siller
Achronix Semiconductor Corporation
408-889-4142
bobsiller@achronix.com


Achronix and Speedster are registered trademarks, and Speedcore and Speedchip are trademarks of Achronix Semiconductor Corporation. All other brands, product names and marks are the property of their respective owners.