Oct 24 (Reuters) - Chip design startup SiFive has laid off around 20% of its staff, or about 130 people, the company said on Tuesday.
SiFive, based in Santa Clara, California, builds chip designs based on an open chip architecture known as RISC-V, and competes against the recently public Arm Holdings (O9Ty.F), .
Like Arm, SiFive builds the underlying designs chips are based on, but not the chips themselves.
The company is scaling back its effort to offer customized designs for customers, beyond the standard blueprints that are available.
Technology giants such as Qualcomm (QCOM.O) and Alphabet's Google (GOOGL.O) have embraced the underlying RISC-V technology.
Persons:
SiFive, David Miller, Miller, Max A, Stephen Coates, Chris Reese
Organizations:
Arm Holdings, Technology, Qualcomm, Google, U.S ., Thomson
Locations:
Santa Clara , California, U.S, China, San Francisco