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What's next for FPGA maker Achronix post-IPO?
www.nextplatform.com, Jan. 19, 2021 –
In addition to covering momentum in the FPGA market overall, from the first inklings that compute acceleration could be a large opportunity to recent acquisitions of the two largest FPGA device makers by Intel and AMD, we have kept an eye on FPGA startups. While there haven't been many, those who entered the market at the beginning of the upward hype cycle all seem to have had interesting paths.
Among those upstarts, Achronix has been the subject of our focus a few times over the years. We were initially interested in their dual-pronged strategy as high-end device makers and grantors of IP licenses and the pedigree of their engineering and management team with its ex-Altera and academic emphasis. As we watched acquisitions and how they could continue to carve a piece of our the market their CEO, Robert Blake, tells us is worth $10 billion, it became clear they were steamrolling ahead with an ambitious 7nm roadmap on the hardware side and more ports to a broader technology span for the IP side.
With a market opportunity like that, it's not a surprise that Achronix, one of the few independent device makers left standing, looked for options, beginning with a path to their own IPO, one that led to a merger with ACE Convergence and therefore public company status. The news was a bit of a head-scratcher in that it wasn't clear if they weren't able to successfully move their own IPO, if they were having trouble securing funding, or if ACE made an offer they simply couldn't refuse. What actually drove the deal has much to do with timing, as it turns out.
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