Intel CEO Lip-Bu Tan Invests
Meta Seeks to Reduce Nvidia Dependence and Strengthen In-House Semiconductor Capabilities
Reuters and Bloomberg reported on September 30 (local time) that Meta Platforms, the parent company of Facebook and Instagram, is planning to acquire the American semiconductor startup Rivos.
Although the specific terms of the acquisition have not been disclosed, Rivos previously sought investment based on a company valuation of 2 billion dollars (approximately 2.8 trillion won) in August.
Rivos, headquartered in Santa Clara, California, is a graphics processing unit (GPU) design company. Lip-Bu Tan, the CEO of Intel, has invested in Rivos and also serves as chairman of the board.
Instead of using the conventional commercial license structure developed by British semiconductor design company Arm and others, Rivos has designed chips based on the free open-source RISC-V architecture.
Meta is developing its own AI chip, the Meta Training and Inference Accelerator (MTIA), to reduce its reliance on Nvidia and cut costs associated with GPUs. The planned acquisition of Rivos is seen as a move in line with this strategy. Reuters interpreted this decision as Meta aiming to strengthen its in-house semiconductor capabilities by acquiring the chip startup Rivos.
Previously, Meta considered acquiring the Korean semiconductor startup FuriosaAI for 800 million dollars (approximately 1.1 trillion won), but FuriosaAI declined the offer.
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