FPGA veteran Robert Blake joins Achronix as president and chief executive officer

Achronix expands management team; founder John Lofton Holt to serve as chairman of the board of directors

Santa Clara, Calif. -- April 15, 2011 -- Achronix Semiconductor Corporation today announced that Robert Blake has joined the company as the President and Chief Executive Officer (CEO). Mr. Blake joins Achronix from a distinguished career in the semiconductor industry including executive-level positions at Altera and most recently, as CEO of Octasic. Achronix founder John Lofton Holt will continue to play a critical role within the leadership team as chairman of the board of directors. In this capacity, Mr. Holt will continue to focus on a variety of global strategic initiatives to enable Achronix to expand its share of the high density, high performance FPGA market.

“We are pleased to have someone with Robert’s experience, leadership, and passion joining Achronix as our CEO,” said John Lofton Holt, founder and chairman of Achronix. “This key addition to our management team, coupled with our recent $45M series C mezzanine financing, our unique technology and our relationship with Intel, gives us all the building blocks to take Achronix to the next level.”

“I am very excited to join Achronix as the president and CEO,” said Mr. Blake “Under John’s leadership, Achronix has built a strong team, forged key technology partnerships and delivered the world’s fastest FPGAs. These are the strengths we will leverage to further accelerate Achronix’s growth.”

Mr. Blake joins Achronix on the heels of a recently announced mezzanine financing and the unveiling of Achronix’s plans to build the world’s most advanced FPGAs on Intel’s 22nm process technology.

About Speedster22i FPGAs

The Speedster22iTM FPGA Platform uses Intel's 22nm process technology, the most advanced in the world. Serving both high performance and high density applications, the Speedster22i Platform supports a wide range of embedded (hard) IP, including:

• 1 - 12.5 Gbps SerDes
• 19.9 - 28 Gbps SerDes
• 10G/40G/100G Ethernet MAC
• Interlaken
• DDR2/DDR3 Phy and Controller, up to 2133Mbps
• PCI-Express Gen I, II, III
• DMA Engine

The Speedster22i Platform consists of 2 FPGA families. The Speedster22i-HP family is optimized for ultra high performance, and Speedster22i-HD is optimized for high density while still offering superior performance over other FPGAs.

About Achronix Semiconductor

Achronix Semiconductor is a privately held fabless corporation based in Santa Clara, California. Achronix builds the world’s fastest field programmable gate arrays (FPGAs) capable of up to 1.5 GHz peak performance. In addition, Achronix is the only FPGA provider building affordable high performance, high density, IP-rich FPGAs using Intel’s 22nm process technology. Achronix has sales offices and representatives in the United States, Europe, China, Japan, and Korea, and has research and design offices in Ithaca, N.Y., and Bangalore, India. Find out more at http://www.achronix.com.