# Achronix and ACE Convergence terminate merger agreement

Achronix Semiconductor Corporation and ACE Convergence Acquisition Corp have mutually agreed to terminate their merger agreement, effective immediately, due to inability to complete the transaction by the deadline.

- Type: Acquisition
- Announced: 2021-07-12
- Where: Santa Clara, California, United States
- Status: cancelled
- Products: field-programmable gate arrays (FPGAs), embedded FPGA IP
- Sectors: [Semiconductors and Industrial Electronics](https://endata.com/sectors/semiconductors-electronics.md)

## Companies

- [Achronix Semiconductor](https://endata.com/companies/46153.md) (target)
- [ACE Convergence Acquisition Corp.](https://endata.com/companies/52352.md) (acquirer)

## Sources

- [prnewswire.com](https://www.prnewswire.com/news-releases/achronix-and-ace-convergence-acquisition-corp-mutually-agree-to-terminate-merger-agreement-301331246.html), 2021-07-12: "Despite our best efforts to finalize this transaction, we ultimately concluded that going our separate ways was the best path forward for Achronix, ACE and all of our stakeholders."

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