SANTA CLARA, Calif.,
March 2, 2021 /PRNewswire/ --
Achronix Semiconductor Corporation, a leader in high-performance
FPGAs and embedded FPGA (eFPGA) IP, and Mobiveil, a fast–growing
technology company specializing in development of silicon
intellectual property (SIP), platforms and solutions for storage,
networking, AI and enterprise markets, announced today a
partnership to offer Mobiveil's soft IP portfolio to designers
targeting Achronix devices.
As the only independent, high-end FPGA semiconductor company
that offers both high-end standalone FPGAs and eFPGA IP technology,
Achronix is uniquely positioned to address the needs of
high-performance applications that require programmable hardware
accelerators. Demand for FPGA-based data accelerators is driven by
the rapid expansion of high-growth markets, including AI, Cloud,
5G, and ADAS. Achronix's product portfolio targets the nearly
$10 billion data acceleration market,
which is expected to have double-digit CAGR through 2025. (Data
according to Semico Research)
Achronix's data acceleration solutions provide optimal
performance per watt compared to CPU- and GPU-based solutions with
the additional benefits of hardware flexibility to support changing
acceleration workloads. As compute performance requirements are now
doubling in as little as every three to four months, the need for
dedicated FPGA-based hardware accelerators is growing rapidly.
"Through our partnership with Mobiveil, we enable customers to
significantly accelerate their FPGA development by offering proven
interconnect solutions for storage, networking and compute
applications," said Steve Mensor, VP
of Sales and Marketing at Achronix. "In addition, Mobiveil design
services expertise gives customers access to experts who can create
customized solutions optimized for Achronix FPGAs."
Mobiveil leverages decades of experience in delivering
high–quality, production–proven, high-speed serial interconnect SIP
cores, and custom and standard form-factor hardware boards to
leading customers worldwide. Mobiveil recently announced
availability of CXL 2.0 Design IP (COMPEX) for data center
applications. For the PCI Express-based flash storage market,
Mobiveil developed an FPGA-based NVMe SSD platform comprised of PCI
Express Gen5 Controller (GPEX), NVM Express Controller (UNEX),
Universal Memory Controller (UMMC), Low Density Parity Check (LDPC)
Encoder/Decoder and Flash Memory Controller (ONFI/Toggle).
"We see tremendous potential from our partnership with Achronix
to accelerate product development for our mutual customers," said
Ravi Thummarukudy, CEO of Mobiveil. "Mobiveil's FPGA-based
applications platforms for CXL, SSD and AI applications can easily
jumpstart customer's product development. Furthermore, our product
engineering services comprising of FPGA design, board/system design
and software development can augment customers' engineering teams
in a cost-effective manner."
About Mobiveil, Inc.
Mobiveil is a fast–growing technology company that specializes
in development of silicon intellectual property (SIP), platforms
and solutions for networking, storage and enterprise markets. The
Mobiveil team leverages decades of experience to deliver
high–quality, production–proven, high-speed serial interconnect SIP
cores, and custom and standard form-factor hardware boards to
leading companies worldwide. Mobiveil is headquartered in Silicon
Valley with engineering development centers located in Milpitas, Calif., Chennai, Bangalore and Hyderabad, India, and sales offices and
representatives located in the U.S., Europe, Israel, Japan, Taiwan
and the People's Republic of
China.
Website: www.mobiveil.com
LinkedIn: https://www.linkedin.com/company/2725746
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, which
enable 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 ACE's registration statement on Form S-4, filed with the
SEC on February 10, 2021, as may be
amended from time to time, and other documents filed or that may be
filed by ACE from time to time with the SEC and available on EDGAR
at www.sec.gov. 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.
Follow Achronix
Website: www.achronix.com
Twitter: @AchronixInc
LinkedIn: https://www.linkedin.com/company/57668/
Facebook: https://www.facebook.com/achronix/
YouTube: https://www.youtube.com/user/AchronixCorp
Contact for Achronix
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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SOURCE Achronix