Achronix in talks to IPO

Achronix is said to be working with a SPAC (special acquisition company) calked ACE Convergence Acquisition.

SPACs, sometimes called  “blank check” companies, are set up simply to make acquisitions and are used  to take companies public without going through the traditional IPO process. 

It is reported that Achronix could gain a market value of $2 billion using this process.

Founded in 2004, Achronix has an FPGA range called Speedster and an eFPGA range called Speedcore.