AI chip interconnect startup Eliyan draws takeover interest, held early talks with Arm
Eliyan, a five-year-old startup whose technology lets separate chips inside an AI system communicate faster and more efficiently, has told some investors in recent days that it received a takeover bid, according to The Information. The company, valued at $1 billion in July, has worked with an investment bank since the summer and is likely aiming for a $3 billion valuation. SoftBank-owned Arm, an existing investor, held early talks about a possible purchase but did not make a bid and would be unlikely to do so at that valuation, a person familiar said.
Why it matters: Eliyan's high-speed chip-to-chip interconnect tech sits directly in the AI system supply chain, so its ownership could shape how AI hardware gets integrated.
Semiconductor M&A has been humming. One of the next deals could be for Eliyan, whose technology allows separate chips inside an AI system to talk to one another more quickly and efficiently.
The five-year-old startup, valued at $1 billion in July, has notified some of its investors in the last few days that it received a takeover bid, according to people familiar with the matter. It has been working with an investment bank since the summer and is likely to aim for a valuation of $3 billion, according to some of the people.
Softbank-owned Arm, an existing investor, held early talks about potentially buying Eliyan, but it didn’t make a bid and would be unlikely to do so at that valuation, said a person familiar with the matter.
This is the outlet's own summary. Read the full story on the original site.
Read the original →How we got here