ACE Convergence Acquisition Corp. (ACE) to Combine with Achronix in $1.7Bn Deal

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ACE Convergence Acquisition Corp. (ACE) to Combine with Achronix in $1.7Bn Deal

ACE Convergence Acquisition Corp. (NASDAQ:ACEV) announced this evening that it has entered into a definitive agreement to combine with Achronix Semiconductor Corporation for an implied enterprise value of $1.76 billion. Achronix is an microprocessor manufacturer specialized in field-programmable gate arrays (FPGAs) used in the hardware for 5G devices, artificial intelligence (AI) processors and data centers.
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