Chip design startup SiFive layoffs 20%, previously valued at $2.5 billion
On October 25th, local time, US chip design startup SiFive announced on Tuesday that the company has laid off about 20% of its workforce, or about 130 people.SiFive is headquartered in Santa Clara, California, USA, and its chip designs are based on RISC-V technology architecture
On October 25th, local time, US chip design startup SiFive announced on Tuesday that the company has laid off about 20% of its workforce, or about 130 people.
SiFive is headquartered in Santa Clara, California, USA, and its chip designs are based on RISC-V technology architecture. Its competitor is the recently listed British chip design companyArm. andArmSimilarly, SiFive's work focuses on the underlying design of the chip, rather than the chip itself.
SiFive stated in a statement: "As we identify and focus on maximizing opportunities, the company is strategically reorienting all global teams to better meet the rapidly changing needs of customers
SiFive spokesperson David Miller stated that SiFive's long-term plans remain unchanged and will continue to develop chips for artificial intelligence, automobiles, consumer electronics, and low-power devices.
Miller said that this layoff involves all departments of the company, including the executive team. He emphasized that the company's product line remains unchanged.
In addition to the existing standard plan, SiFive is reducing its business scale of providing customized designs to customers.
The valuation of SiFive in 2022 is approximately $2.5 billion. Miller stated that the company "has sufficient funds for the next few years".
It is reported that major technology companies such as Qualcomm and Alphabet's Google have accepted the RISC-V technology architecture at the bottom of the chip. (Chen Chen)
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