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NVIDIA CORPORATION

(NVDA)
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Arm rival SiFive says Nvidia deal spurs interest in its technology

09/17/2020 | 09:48pm EDT

The newly appointed chief executive of SiFive Inc, a rising rival to Arm Ltd to supply chip designs, says Nvidia Corp's $40 billion agreement to acquire Arm has sparked fresh interest from customers about deepening ties with the young firm.

Arm provides computing chip designs to the entire global semiconductor industry, licensing out technology that powers everything from smart phones to smart toasters. Nvidia's move to buy it from Japan's SoftBank Group Corp would put Arm, a neutral industry player, in the hands of a single chip company for the first time.

Within hours of its announcement this week, the deal sparked worries in the chip industry that Nvidia would raise prices or otherwise make it harder for Nvidia's rivals to use Arm technology, despite a promise from both firms that Nvidia would keep Arm's neutral model.

The move also renewed interest in RISC-V, an open-source basic chip technology not controlled by any one industry player. California startup SiFive is where several of the creators of RISC-V now work, selling designs based on RISC-V that are tested and ready to turn into silicon.

SiFive on Thursday named Patrick Little, a former Qualcomm executive who had overseen that company's automotive division, as its new chief executive.

Little told Reuters in an interview that SiFive customers that had previously used its technology for minor aspects of their chips have contacted him in his first 48 hours on the job asking to work more closely on major designs.

"They're saying, now we have to do something more strategic," Little said. "Already, six of the top ten semiconductor companies are working with SiFive. We just got a big basket of funding, and frankly now I know where all that needs to go."

SiFive last month raised $60 million in funding from investors including SK Hynix and Saudi Aramco. SiFive's 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 to more than $185 million.

By Stephen Nellis


ę Reuters 2020
Stocks mentioned in the article
ChangeLast1st jan.
INTEL CORPORATION 0.81% 55.713 Delayed Quote.10.92%
NVIDIA CORPORATION 1.45% 773.48 Delayed Quote.45.98%
QUALCOMM, INC. 1.84% 138.005 Delayed Quote.-11.04%
SAUDI ARABIAN OIL COMPANY 0.14% 35.25 End-of-day quote.0.71%
SK HYNIX INC. 1.61% 126000 End-of-day quote.6.33%
SOFTBANK GROUP CORP. 2.26% 7862 End-of-day quote.-2.43%
WESTERN DIGITAL CORPORATION 0.32% 69.44 Delayed Quote.25.00%
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Financials (USD)
Sales 2022 24 835 M - -
Net income 2022 8 133 M - -
Net cash 2022 10 707 M - -
P/E ratio 2022 58,2x
Yield 2022 0,08%
Capitalization 475 B 475 B -
EV / Sales 2022 18,7x
EV / Sales 2023 16,8x
Nbr of Employees 18 975
Free-Float 61,8%
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Number of Analysts 41
Last Close Price 762,29 $
Average target price 734,03 $
Spread / Average Target -3,71%
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Managers and Directors
NameTitle
Jen Hsun Huang President, Chief Executive Officer & Director
Colette M. Kress Chief Financial Officer & Executive Vice President
William James Dally Chief Scientist & Senior Vice President-Research
Tony Tamasi Senior Vice President-Content & Technology
Debora Shoquist Executive Vice President-Operations
Sector and Competitors
1st jan.Capitalization (M$)
NVIDIA CORPORATION45.98%474 907
TAIWAN SEMICONDUCTOR MANUFACTURING COMPANY LIMITED11.32%551 099
INTEL CORPORATION10.92%223 140
BROADCOM INC.6.58%191 452
TEXAS INSTRUMENTS13.39%171 868
QUALCOMM, INC.-11.04%152 867