Achronix Hires CEO

SANTA CLARA, Calif. -- 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."

Achronix Semiconductor Corp.