Top Executive: Patrick Little, CEO
SiFive is providing an open-source alternative to Arm’s CPU design business with core designs and custom silicon solutions for AI, high-performance computing and other growing markets based on the open and free RISC-V instruction set architecture. The San Mateo, Calif.-based startup has recently received takeover interest from multiple parties, including Intel, which has reportedly offered $2 billion to acquire the startup. Before the reported takeover interest, SiFive announced that Intel’s new foundry business, Intel Foundry Services, will manufacture processors using SiFive’s processor designs. Last August, the startup raised a $61 million Series E funding round led by SK Hynix, with participation from several other investors, including Western Digital Capital, Qualcomm Ventures and Intel Capital. A month later, the company appointed former Qualcomm executive Patrick Little as its new CEO.