Dow Today – Intel, SiFive end talks without deal
(Reuters) – Intel Corp’s talks with SiFive Inc have ended without a deal and the chip designer startup will look for outside investment instead, Bloomberg News reported on Thursday, citing people with knowledge of the matter.
According to the report https://bloom.bg/3ndbukw, the talks fell apart as the companies could not agree on financial terms.
In June, a source told Reuters that Intel was debating a possible offer to buy SiFive, a company closely associated with an open-source technology called RISC-V that is challenging the rise of Intel‘s rival, Arm Ltd.
Arm, which is being acquired by Nvidia Corp for $40 billion, and SiFive sell intellectual property such as chip designs to others who ultimately produce the chips. Purchasing SiFive would have given Intel a library of intellectual property it could use both in its chips and offer to license to future customers, as it works to build a business by opening up its chip factories to outsiders.
(Reporting by Tiyashi Datta in Bengaluru; Editing by Ramakrishnan M.)