Achronix NASDAQ: ACEV (SPAC)
Background Name: Achronix Ticker: NASDAQ: ACEV (SPAC) Business Description: Achronix Semiconductor is an American fabless semiconductor company based in Santa Clara, California with an additional R&D facility in Bangalore, India, and an additional sales office in Shenzhen, China. Achronix is a diversified fabless semiconductor company that sells FPGA (Field Programmable Grid Array) products, embedded FPGA (eFPGA) products, system-level products and supporting design tools. Price: 9.99 $ Shariah Compliance As Achronix is not yet being IPO and still under SPAC, it is not shariah compliance yet. But the industry and product are halal. It will turn shariah compliance after SPAC acquisition completed. Industry Overview A field-programmable gate array (FPGA) is an integrated circuit designed to be configured by a customer or a designer after manufacturing – hence the term "field-programmable" The global FPGA market size is projected to grow from USD 5.9 billion in 2020 to USD...