Trending News

Blog Post


Chipmaker SiFive Is Mentioned to Draw Intel Takeover Curiosity 

(Bloomberg) — SiFive Inc., a startup that designs semiconductors, has acquired takeover curiosity from investor Intel Corp., in line with individuals accustomed to the matter.

Intel supplied to accumulate SiFive for greater than $2 billion, one of many individuals mentioned, asking to not be recognized as a result of the matter is non-public.

The San Mateo, California-based firm has been in talks with potential advisers on the right way to deal with the takeover curiosity, the individuals added.

The corporate has acquired takeover gives from a number of events apart from Intel, one of many individuals mentioned. It has additionally fielded gives for an funding, which may very well be a preferable route, the individual added.

Discussions are early, there’s no assure any deal will likely be reached, and SiFive might select to stay impartial.

SiFive was final valued at round $500 million when it raised funds in 2020, in line with information supplier PitchBook.

A consultant for Intel declined to remark. A consultant for SiFive didn’t reply to requests for remark.

ARM Rival

SiFive is a designer of chips which can be primarily based on the RISC-V structure, an try to deliver open-source requirements to semiconductor design making it cheaper and accessible to clients.

Curiosity in SiFive has elevated since Nvidia Corp. agreed in September to pay $40 billion for SoftBank Group Corp.’s Arm Ltd., which like SiFive, licenses chip and course of designs.

SiFive Chief Government Officer Patrick Little is a chip trade veteran. He joined SiFive final yr from Qualcomm Inc. the place he was a senior vice chairman accountable for their automotive enterprise.

Learn Extra: Silicon Valley’s Subsequent Revolution Is Open Supply Semiconductors

SiFive is seen as a possible beneficiary if Nvidia’s deal goes by as a result of Arm’s clients are involved the corporate would possibly work much less collaboratively with them, the individuals mentioned.

The corporate’s traders embody SK Hynix Inc., Spark Capital and Prosperity7 Ventures, the enterprise arm of Saudi Arabia’s state-owned power producer Aramco. It is also backed by the enterprise arms of chipmaker Qualcomm and of {hardware} maker Western Digital Corp. It final raised $61 million in a funding spherical in 2020.

Extra tales like this can be found on

Subscribe now to remain forward with essentially the most trusted enterprise information supply.

©2021 Bloomberg L.P.

Supply hyperlink

Related posts

Leave a Reply

Required fields are marked *