Chipmaker SiFive is Said to Draw Intel (INTC) Takeover Interest - Bloomberg

June 10, 2021 2:20 PM EDT

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(Updated - June 10, 2021 2:24 PM EDT)

SiFive, a startup that designs semiconductors, has received takeover interest from Intel (NASDAQ: INTC), according to Bloomberg, citing people familiar with the matter.

Intel offered to acquire the company for more than $2 billion.

The company has been in talks with potential advisers on how to handle the takeover interest, after receiving offers from multiple parties.

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