According to Reuters, Intel has bid $2 billion to acquire SiFive, a 6-year-old RISC-V chip design company.
When it raised funds for the last time-last year's $61 million E series-SiFive was valued at $500 million. In 2019, its D round of financing was 65.4 million US dollars, and Intel's C round of financing accounted for a major share of 50.6 million US dollars. The total investment raised till date is US$186 million.
The value of SiFive may increase due to Nvidia's $40 billion acquisition of Arm, which is thought to encourage Arm customers to switch to SiFive.
SiFive's investors include: Hynix, Spark Capital, Prosperity7 Ventures, Sutter Hill Ventures, Chengwei Capital, Osage University Partners, Huami, Qualcomm and Western Digital.
Written by
Swasti Pujari
Associate Director, Backend Engineering at CoreIC Technologies, with 15+ years in VLSI Physical Design and backend engineering. Previously Practice Head at UST Global, leading Physical Design, STA, EMIR, DFT, and Physical Verification. Delivered 3nm, 6nm and 7nm projects for AMD, Intel, and Microchip, and published IEEE research on hybrid AI-EDA floorplanning.
