Achronix Announces 2020 Financial Results and Business Highlights

SANTA CLARA, Calif.–(BUSINESS WIRE)–Achronix Semiconductor Corporation, a leader in high-performance field-programmable gate arrays (FPGAs) and embedded FPGA (eFPGA) IP today announced financial results for the year ended December 31, 2020, reporting revenue of $104.9 million and GAAP net income of $30.4 million and adjusted EBIT (non-GAAP) of $37.4 million. 2020 Highlights: Revenue increased to $105 million in line with prior expectations, driven by mainstream Speedster®22i products. Release