Arm rival SiFive raises $60mln from SK Hynix, Aramco

Arm rival SiFive raises $60mln from SK Hynix, Aramco

SiFive Inc, a California startup working to commercialize an open-source semiconductor technology, said on Tuesday that it has raised an additional $60 million in funding from investors including SK Hynix and Saudi Aramco.The company said its existing investors - including venture capital arms from Intel Corp, Qualcomm Inc and Western Digital Corp- also joined the funding round, bringing its total capital raised since its founding in 2015 to more than $185 million.SiFive is working to sell designs for semiconductors based on the RISC-V architecture, an open-source recipe for making computing chips. The basic architecture is free to use, but SiFive puts it into designs that can more readily be manufactured by a semiconductor factory and adds in some of its own technologies to create a more useful processor chip than