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Chipmaker SiFive Is Stated to Draw Intel Takeover Curiosity

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

Intel supplied to amass SiFive for greater than $2 billion, one of many individuals stated, asking to not be recognized as a result of the matter is personal.

The San Mateo, California-based firm has been in talks with potential advisers on how you can deal with the takeover curiosity, the individuals added.

The corporate has acquired takeover gives from a number of events aside from Intel, one of many individuals stated. It has additionally fielded gives for an funding, which could possibly be a preferable route, the individual added.

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

SiFive was final valued at round $500 million when it raised funds in 2020, in keeping 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 might be primarily based on the RISC-V structure, an try to convey 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 Govt Officer Patrick Little is a chip trade veteran. He joined SiFive final yr from Qualcomm Inc. the place he was a senior vice chairman answerable 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 means of as a result of Arm’s clients are involved the corporate would possibly work much less collaboratively with them, the individuals stated.

The corporate’s traders embody SK Hynix Inc., Spark Capital and Prosperity7 Ventures, the enterprise arm of Saudi Arabia’s state-owned vitality 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.

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