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RSS FeedsIntel looking to acquire competitor to Arm
(Windows Phone Central)


12 june 2021 03:32:20

Intel looking to acquire competitor to Arm
(Windows Phone Central)

Intel`s recent spending spree is set to continue, according to a new report. What you need to know A new report claims Intel is interested in paying over $2 billion to acquire SiFive Inc. The acquisition would serve as Intel`s response to NVIDIA`s Arm purchase. It would be the latest billion-dollar-tier investment from Intel in a recent string of them. If you thought Intel was done spending money after it announced its $20 billion fab creation plan and various billion-dollar upgrades to its existing fabs, think again. A new report says the tech company is opening up its war chest once more to acquire a competitor to Arm. The company being eyeballed by Intel is SiFive Inc., which was valued at roughly $500 million back in 2020, according to PitchBook. That valuation means little if Bloomberg`s report is on the money — the money being, in this case, the rumored $2-billion-plus Intel offered SiFive. As of this time, no deal has been struck, and neither SiFive nor Intel provided...

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