Canada Markets closed
  • S&P/TSX

    20,633.27
    -128.76 (-0.62%)
     
  • S&P 500

    4,538.43
    -38.67 (-0.84%)
     
  • DOW

    34,580.08
    -59.71 (-0.17%)
     
  • CAD/USD

    0.7786
    -0.0022 (-0.2826%)
     
  • CRUDE OIL

    66.22
    -0.28 (-0.42%)
     
  • BTC-CAD

    61,247.20
    -11,859.70 (-16.22%)
     
  • CMC Crypto 200

    1,367.14
    -74.62 (-5.18%)
     
  • GOLD FUTURES

    1,782.10
    +21.40 (+1.22%)
     
  • RUSSELL 2000

    2,159.31
    -47.02 (-2.13%)
     
  • 10-Yr Bond

    1.3430
    -0.1050 (-7.25%)
     
  • NASDAQ

    15,085.47
    -295.85 (-1.92%)
     
  • VOLATILITY

    30.67
    +2.72 (+9.73%)
     
  • FTSE

    7,122.32
    -6.89 (-0.10%)
     
  • NIKKEI 225

    28,029.57
    +276.20 (+1.00%)
     
  • CAD/EUR

    0.6878
    -0.0027 (-0.39%)
     

Intel, SiFive end talks without deal - Bloomberg News

·1 min read

(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.

Intel declined to comment on the report, while SiFive said it does not comment on speculations but confirmed it would continue to be Intel's partner on new chip designs.

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.)

Our goal is to create a safe and engaging place for users to connect over interests and passions. In order to improve our community experience, we are temporarily suspending article commenting