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 response to individuals accustomed to the matter.

Intel provided 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 learn how to deal with the takeover curiosity, the individuals added.

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

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

SiFive was final valued at round $500 million when it raised funds in 2020, in response to knowledge 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 are based mostly on the RISC-V structure, an try and deliver open-source requirements to semiconductor design making it cheaper and accessible to prospects.

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 business veteran. He joined SiFive final yr from Qualcomm Inc. the place he was a senior vp in command of 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 prospects are involved the corporate may 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 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.

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