Intel’s Attempts at Acquiring SiFive Fail to Deliver, Company Now Seeks IPO

Back in June, SiFive, a company focusing on providing RISC-V-based IP solutions, received an offer for a takeover from Intel. With a value of over two billion dollars, the company’s request was on the table to accept. However, according to the latest report from Bloomberg, SiFive declined an offer and aimed to get an initial public offering or get acquired by an even larger vendor. What made the company reject, you might question?

Well, according to sources familiar with the deal, Intel’s offer of two billion USD was not enough, and it interrupted the company’s ideologies of operation. SiFive management didn’t like how Intel would integrate the company in its roadmaps and decided to stay independent. For now, the company is looking to start an initial public offering or get acquired an even larger company that would respect its vision and guidelines, unlike Intel’s offer.