Chipmaker SiFive Is Said to Draw Intel Takeover Interest

Chipmaker SiFive Is Said to Draw Intel Takeover Interest

(Bloomberg) -- SiFive Inc., a startup that designs semiconductors, has received takeover interest from investor Intel Corp., according to people familiar with the matter.

Intel offered to acquire SiFive for more than $2 billion, one of the people said, asking not to be identified because the matter is private.

The San Mateo, California-based company has been in talks with potential advisers on how to handle the takeover interest, the people added.