# Achronix to merge with SPAC ACE Convergence Acquisition

Achronix, a fabless semiconductor corporation, agreed to combine with special purpose acquisition company ACE Convergence Acquisition. The combined entity will be named Achronix Semiconductor Corporation with a $2.1 billion post-transaction equity value.

- Type: Acquisition
- Announced: 2021-03-12
- Where: United States
- Value: $2.10B
- Status: announced
- Products: field-programmable gate arrays, data acceleration solutions
- Sectors: [Semiconductors and Industrial Electronics](https://endata.com/sectors/semiconductors-electronics.md)

## Companies

- [ACE Convergence Acquisition Corp.](https://endata.com/companies/52352.md) (acquirer)
- [Achronix](https://endata.com/companies/53824.md) (target)

## Sources

- [mondaq.com](https://www.mondaq.com/pressrelease/67842/achronix-agrees-to-spac-merger-with-ace-convergence-acquisition), 2021-03-15: "Achronix, a fabless semiconductor corporation, on its agreement to combine with special purpose acquisition company ACE Convergence Acquisition."

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Data from Endata (https://endata.com/). Announcements are summarized from public sources and may be incomplete; check the linked originals.