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"reaching parity with" is a correct and usable phrase in written English.
It means achieving equality or being at the same level as something else. Example: After years of hard work and dedication, the company finally succeeded in reaching parity with its top competitor in terms of market share.
Exact(12)
Feb. 9: Bitcoin price rises, reaching parity with the dollar.
In economic terms, reaching parity with the euro is not particularly significant.
Prices are set to rise about 25percentt a year, starting this year, with the goal of reaching parity with world energy prices by 2011.
The steep decline, reaching parity with whites, is particularly intriguing, experts say, because obstetrical services for low-income women in the county have not changed that much.
Sinking euroThe euro narrowly missed reaching parity with the dollar as it fell to an all-time low since its launch at the beginning of the year.
According to the McKinsey Global Institute, when we remove the obstacles that constrain women from reaching parity with men, $28 trillion of new value is added to global GDP in 10 years.
Similar(48)
It is not implausible that the pound could reach parity with the dollar.
By December, he said, he expected the newer models to reach parity with the older vehicles.
At Connecticut, the men have reached parity with the women, and both teams are well respected throughout the state.
It will cost the company billions of dollars just to reach parity with the Japanese-owned companies.
The pound almost reached parity with the dollar in the mid 1980s, but only for a brief period.
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Since I tried Ludwig back in 2017, I have been constantly using it in both editing and translation. Ever since, I suggest it to my translators at ProSciEditing.

Justyna Jupowicz-Kozak
CEO of Professional Science Editing for Scientists @ prosciediting.com