SiFive reportedly lays off 20% of staff

Jessie Shen, DIGITIMES Asia, Taipei 0

Several media outlets have recently reported on the layoffs at SiFive, a major pioneer in the field of RISC-V chip design. According to reports, the corporation has laid off around 20% of its workforce.

As reported, the 20% reduction corresponds to the elimination of approximately 130 positions. According to reports, the layoffs have impacted senior management, product teams, and engineers.

SiFive, headquartered in Santa Clara, California, competes with the newly public Arm Holdings by developing semiconductor designs based on the RISC-V open chip architecture. SiFive, like Arm, builds the foundational designs upon which processors are built, but not the chips themselves.

According to a SiFive statement, which was referenced in a Reuters story, the company is strategically reorganizing all of its global teams in order to better meet the rapidly changing requirements of its clients.

David Miller, a spokesperson for SiFive, was also quoted in the Reuters article as saying that the company's long-term objectives have not altered and that it continues to manufacture chips for use in artificial intelligence, automotive, consumer electronics, and low-power devices.