Product Code Database
SiFive, Inc. is an American fabless semiconductor IP company and provider of commercial RISC-V processors and silicon chips based on the RISC-V instruction set architecture (ISA). Its products include cores, SoCs, IPs, and development boards.
SiFive was one of the first companies to produce a chip that implemented the RISC-V ISA.
Naveed Sherwani was appointed CEO in August 2017. In October of the same year, SiFive did a limited release of its U54-MC, which was reported to be the first RISC-V-based 64-bit quad-core CPU that supported comprehensive operating systems like Linux.
In June 2018, SiFive acquired Open-Silicon for an undisclosed amount and retained their application-specific integrated circuit (ASIC) design capabilities.
In February 2018, SiFive released the HiFive Unleashed, a development board containing a 64-bit SoC with four U54 cores.
In September 2020, Patrick Little was appointed CEO.
In October 2020, SiFive released the HiFive Unmatched, a Mini-ITX development board with four U74-MC cores, one S7 core, 8GB DDR4 RAM, four USB 3.2 Gen1 ports, one PCI Express x16 slot, one PCIe Gen3 x4, one microSD card slot, and Gigabit Ethernet. In April 2021, the company also taped out its first system-on-chip on TSMC's N5 process technology, making it the first RISC-V-based device to be made using a 5 nm node.
In June 2021, Canonical announced its Ubuntu operating system's support for the HiFive Unmatched and HiFive Unleashed, and the Barcelona Supercomputing Center collaborated with Codeplay Software and SiFive to implement support for the RISC-V V-extension v0.10 in the LLVM compilation infrastructure, providing vector computation capabilities through C/C++ intrinsics.
In summer 2021, reports of a potential buyout of SiFive by Intel and other companies emerged, however Intel's plans were eventually cancelled due to disagreement with SiFive.
In 2023, it was reported that SiFive had laid off 20% of its staff.
SiFive was the main sponsor of Cambridge United F.C. for the 2022/23 and the 2023/24 seasons.
In April 2018, SiFive received $50.6 million Series C funding, including a major amount from Intel Capital.
In June 2019, SiFive received $65.4 million in a Series D funding round led by existing investors Sutter Hill Ventures, Chengwei Capital, Spark Capital, Osage University Partners and Huami, alongside new investor Qualcomm Ventures. This brought the total investment in SiFive to $125 million.
On October 23, 2019, at the Linley Fall Processor Conference, SiFive announced the release of SiFive Shield, a platform security architecture. In December 2019, the company announced the SiFive Apex cores for mission-critical markets and SiFive Intelligence cores for vector processing workloads. Later that month, Samsung also announced it will be using SiFive RISC-V cores for SoCs, automotive, and 5G applications.
In January 2020, SiFive hired Chris Lattner, an American software engineer best known as the main author of LLVM and related projects such as the Clang compiler and the Swift programming language. He joined SiFive as Senior Vice President of Platform Engineering after two years at Google.
In August 2020, SiFive received $60 million in a Series E funding round led by investors SK Hynix and Saudi Aramco. This brought the total investment in SiFive to $186 million. That same month, SiFive announced the creation of the OpenFive business unit to focus on the creation of processor-agnostic custom SoC design.
Chip company Tenstorrent, headed by former top AMD engineers, including CTO Jim Keller, licensed SiFive's Intelligence X280 processor cores in October 2020 into its homegrown AI training and inference chips. Renesas Electronics also announced partnering with SiFive to design chips for vehicles.
In June 2021, SiFive launched a new processor family with two core designs: P270, a Linux-capable CPU; and P550, the highest-performing RISC-V CPU. At the same time, Intel Foundry Service adopted P550 for use in its Horse Creek platform, a RISC-V development platform built on Intel's newest 7 nm process node, Intel 4. The announcement furthered speculation of a potential acquisition of SiFive by Intel, which reportedly offered to acquire SiFive for $2 billion.
As part of SiFive's “relentless innovation” program, the company announced SiFive 21G2 update for the SiFive Essential family including 11% faster U74 cores.
In March 2022, SiFive received $175 million in a Series F funding round led by Coatue Management, valuing the company at over $2.5 billion. This brought the total investment in SiFive to over $350 million.
In March 2022, Alphawave IP Group plc acquired SiFive’s OpenFive business unit for $210 million. As part of the transaction, Alphawave also licensed RISC-V processor intellectual property from SiFive.
In October 2023, SiFive laid off approximately 20% (~140) of its 650 employees. SiFive reiterated their commitment to existing products and lines and stated that the company is "well funded for years in the future and continue to work".
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