Achronix

Achronix Semiconductor Corporation is an American fabless semiconductor company based in <a href="/facts/Santa_Clara%2c_California/lkQTssCF">Santa Clara, California</a> with an additional R&D facility in <a href="/facts/Bangalore/LoufLHv4">Bangalore, India</a>, and an additional sales office in <a href="/facts/Shenzhen/B8rnXRf8">Shenzhen, China</a>. Achronix is a diversified fabless semiconductor company that sells <a href="/facts/Field-programmable_gate_array/M8LSGcAU">FPGA</a> products, embedded <a href="/facts/Field-programmable_gate_array/M8LSGcAU">FPGA</a> (eFPGA) products, system-level products and supporting design tools. Achronix was founded in 2004 in <a href="/facts/Ithaca%2c_New_York/mPyMCjEd">Ithaca, New York</a> based on technology licensed from <a href="/facts/Cornell_University/FGyXuXeI">Cornell University</a>. In 2006, Achronix moved its headquarters to <a href="/facts/Silicon_Valley/gdot9J7e">Silicon Valley</a>.
Achronix was originally self-funded by several million dollars of founder's capital. Since 2006, Achronix has been funded by a combination of <a href="/facts/Venture_capital/yeH3m7zo">venture capital</a> funding, private equity funding and debt from traditional lenders.
In July 2021 Achronix cancelled its plans to go public through a merger with a special acquisition (<a href="/facts/Special-purpose_acquisition_company/RwctzNl7">SPAC</a>) company ACE Convergence Acquisition Corp due to regulatory approval difficulties. The proposed transaction valued the company at $2.1bn.

Achronix open-in-new

Achronix