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ACE Convergence Acquisition Corp (NASDAQ: ACEV), reports Bloomberg. What Happened: The blank check company has initiated talks with investors to raise capital for the acquisition, people familiar with the matter told the newswire. Reportedly, the enterprise valuation of the combined entity post-merger is estimated at $2 billion under the current discussions. Bloomberg noted that the talks could still fall apart or the terms could be changed. An official announcement on the matter could be made by the end of the month. Why Does It Matter: Achronix manufactures field-programmable gate array an integrated circuit that allows customers to program the chip after completing the manufacturing process and installing it in a device. To date, the semiconductor startup has raised $135.8 million from 7 investors, according to Crunchbase. Achronix’s competes with companies like

Santa achronix semiconductor corpMacro devices incIntel corporationConvergence acquisition corpSanta clara based achronix semiconductorAcquisition corpDoes it matterAdvanced macro devices incசாந்தா குறைக்கடத்தி கார்ப்மேக்ரோ சாதனங்கள் இன்க்இன்டெல் நிறுவனம்குவிதல் கையகப்படுத்தல் கார்ப்சாந்தா கிளாரா அடிப்படையிலானது குறைக்கடத்திகையகப்படுத்தல் கார்ப்செய்யும் அது விஷயம்