Intel offers $2bn for RISC-V pioneer SiFive says report

Intel offers $2bn for RISC-V pioneer SiFive says report
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RISC-V pioneer SiFive has received an offer of $2bn from investor Intel according to reports by Bloomberg.
By Nick Flaherty

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SiFive has received offers from other companies as well as offers of more investment to boost development of microcontroller and microprocessor cores based on the open source RISC-V instruction set architecture and associated boards.

The company has raised over $190m so far and was valued at around $500m at its last investment round in 2020.

Representative sat Intel and SiFive declined to comment, but talks are at an early stage.

Patrick Little, CEO of SiFive, joined the company last year from Qualcomm’s automotoive chip business in a move that was seen as taking on UK chip designer ARM. With ARM being acquired by Nvidia, the rapidly developing RISC-V ecosystem is seen as a viable alternative as an embedded controller. SiFive is also an early supporter of Intel’s renewed foundry strategy to build chips for customers in the US and Europe.

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Current investors include SK Hynix, Spark Capital and Prosperity7 Ventures, the venture arm of Aramco in Saudi Arabia, as well as Qualcomm and Western Digital. The company raised $61m in 2020 to bring the total to $190.5m according to Crunchbase.

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