Chip design startup SiFive has laid off around 20 per cent of its staff, or about 130 people, the company said on Tuesday.SiFive builds chip designs based on an open chip architecture known as RISC-V, and competes against the recently public Arm Holdings.
Chip design startup SiFive has laid off around 20 per cent of its staff, or about 130 people, the company said on Tuesday.
"As we identify and focus on our greatest opportunities, SiFive is shifting to best meet our customers’ fast-changing requirements by undergoing a strategic refocusing of all our global teams," the company said in a statement. The company is scaling back its effort to offer customized designs for customers, beyond the standard blueprints that are available.
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