Meta Platforms is set to acquire Rivos, a Santa Clara-based chip startup specializing in RISC-V architecture, Reuters reported, citing a source familiar with the matter.
The move underscores Meta’s drive to strengthen its in-house semiconductor capabilities as it works to reduce reliance on external suppliers for AI infrastructure.
Rivos, backed by Intel board member and longtime investor Lip-Bu Tan, develops processors using the open-source RISC-V instruction set — an alternative to proprietary designs from Arm, Intel, and AMD. Terms of the deal were not disclosed.
Meta has been one of Rivos’ largest customers and had held ongoing discussions about a potential acquisition, the report stated, citing a second source. The deal comes as Meta increases its investment in custom silicon to offset mounting infrastructure costs linked to advanced AI model training.
Earlier this year, Reuters reported that Meta had begun testing its first in-house AI chip. At the same time, the company has remained one of the largest buyers of Nvidia’s GPUs, which power many of its AI workloads.
Rivos was reportedly seeking funding at a valuation above $2 billion as recently as August, according to The Information.
Source: rcrwireless.com
