Industry leading eFPGA IP technology available today on multiple process nodes

SANTA CLARA, Calif., March 9, 2021 — (PRNewswire) —  Achronix announces today that 10 million Speedcore™ eFPGA IP cores have shipped in customers' ASICs. Achronix is the only high-performance FPGA supplier to offer both high-performance standalone FPGAs and eFPGA IP.  Speedcore eFPGA IP is optimized for applications in 5G wireless infrastructure, networking, computational storage and automotive driver assistance systems.

Achronix Speedcore eFPGA IP offers companies the ability to integrate FPGA functionality into their ASIC or SoC devices. Speedcore eFPGA has a permutable architecture that allows customers to define the amount of FPGA logic, memory and DSP processing capabilities for the eFPGA IP.  Compared to standalone FPGA solutions, eFPGAs can reduce device costs by up to 90% and power by up to 75%, while increasing interface bandwidth by 10x and reducing latency by 100x.  Embedding a flexible eFPGA IP core into an ASIC design allows for extended product lifecycle, rapid introduction of product variants and flexibility to change the ASIC functionality to support changing algorithms. 

"Speedcore eFPGA IP is being adopted in high-performance data acceleration applications where there's a need to integrate flexibility and support emerging AI workloads," said Steve Mensor, VP of Sales and Marketing at Achronix. "Having shipped over 10 million eFPGA IP cores shows the rapid growth of eFPGA IP technology and quality of Achronix's Speedcore eFPGA IP solution."

Customers develop Speedcore eFPGA IP using a design process similar to a standard ASIC IP block.  Achronix has optimized the development process with customers to provide rapid delivery of the eFPGA design files and can help customers with the selection of the ASIC design houses to further accelerate ASIC delivery. Speedcore eFPGA IP designers use the same familiar Achronix ACE design tools that are used for standalone FPGA design which reduces time to market and allows for early prototyping using standalone Speedster7t FPGA devices. 

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.

Product Availability

Speedcore eFPGA IP is available today on multiple processes from TSMC including 16FFC, 12FFC, N7 and in development on N5.  Speedcore eFPGA can be ported to other process technology nodes based upon customer request.

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.

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 the registration statement on Form S-4 expected to be filed by ACE in the future and other documents filed or that may be filed by ACE from time to time with the SEC. 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.

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.

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