Intel said to have offered $2bn for SiFive

Intel is reported by Reuters to have offered $2billion to buy six year-old RISC-V chip designer SiFive.

When it last raised money – a $61 million Series E last year – SiFive was valued at $500 million. Its 2019 series D raised $65.4 million and its Series C, in which Intel took a major share, raised $50.6 million.

The total investment raised to date is $186 million.

SiFive’s value could have increased as a result of Nvidia biding $40 billion to buy Arm which is thought likely to encourage Arm customers to defect to SiFive.

Investors in SiFive include: include Hynix, Spark Capital, Prosperity7 Ventures, Sutter Hill Ventures, Chengwei Capital, Osage University Partners, Huami, Qualcomm and Western Digital.

 


Comments

2 comments

  1. Objections to the ARM merger have been sounded in Britain, China, and USA. Nividia has zero chance of purchasing ARM unless the big guys get ten percent. Intel knows as well as any. Intel desperately needs to replace the x86 monopoly ceded to AMD. Intel has the same plan as Nvidia to monopolize the cell phone chip market. Fortunately for all concerned x86 at 3nm has a cell phone energy budget. x86 powered cell phones are in your future.

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