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Intel rumored to acquire fabless semiconductor SiFive for $2 billion

SiFive has reportedly received some acquisition flattery from Intel, with a reported $2 billion acquisition offer so far.

@anthony256
Published Mon, Jun 14 2021 11:34 PM CDT   |   Updated Tue, Jul 13 2021 8:06 PM CDT

Intel is reportedly eyeing off acquiring semiconductor startup SiFive, with Bloomberg reporting that Intel has offered over $2 billion to acquire SiFive.

Intel rumored to acquire fabless semiconductor SiFive for $2 billion 06 | TweakTown.com

The site is reporting from anonymous sources "asking not to be identified because the matter is private", but that SiFive has "received takeover offers from multiple parties other than Intel" according to the source, who added that SiFive "has also fielded offers for an investment, which could be a preferable route".

SiFive raised funds back in 2020, where it was valued at around $500 million -- so it is a nice upgrade for the company to be fielding $2 billion acquisition offers just a year later. If you're not familiar with SiFive, the semiconductor startup designs chips based o the RISC-V architecture -- an open-source standard for semiconductor design that makes it much cheaper, and much more open to customers wanting to build chips.

Intel acquiring the company makes sense given the huge injection of silicon dreams coming to the US in the coming decade, with the $200B+ investment into US chip manufacturing. Intel acquiring SiFive is another notch in that belt, and will be a sparring partner for NVIDIA and its recent acquisition of ARM for $40 billion.

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NEWS SOURCE:bloomberg.com

Anthony joined the TweakTown team in 2010 and has since reviewed 100s of graphics cards. Anthony is a long time PC enthusiast with a passion of hate for games built around consoles. FPS gaming since the pre-Quake days, where you were insulted if you used a mouse to aim, he has been addicted to gaming and hardware ever since. Working in IT retail for 10 years gave him great experience with custom-built PCs. His addiction to GPU tech is unwavering.

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