Shulou(Shulou.com)11/24 Report--

Thanks to CTOnews.com netizen OC_Formula for the clue delivery! CTOnews.com, October 25 (Xinhua)-- SiFive, one of the key companies in the RISC-V ecosystem, is undergoing a major restructuring of massive layoffs and a shift in business focus, creating uncertainty about the future of SiFive and its contribution to RISC-V.

CTOnews.com notes that RISC-V has become a popular choice for making miniature, low-cost cores, but there are also companies that develop high-performance RISC-V-based products, such as SiFive, which provides off-the-shelf designs and customizes cores according to customer needs.

But today SiFive said in a statement that it was laying off about 20 per cent of its workforce (about 140 people), involving different teams. It is reported that most of them are engineers, as well as some sales and product personnel. Meanwhile, the company's leadership, including CEO Patrick Little, remains in office.

"as we identify and focus on our greatest opportunities, SiFive is being strategically restructured to best meet the rapidly changing needs of our customers," SiFive said in a statement. "Unfortunately, about 20 per cent of employees have been affected in this adjustment, involving different business groups and levels. These employees will receive severance pay and placement assistance."

The statement also said, "We remain focused on our four product groups, fundamentals, intelligence, performance and cars, and as we explained at a press conference earlier this month, we have a strong roadmap to meet the needs of these markets. We see huge new opportunities in artificial intelligence and consumer products such as wearables and mobile devices as Google brings Android into the RISC-V ecosystem. We will continue to provide customized services to specific customers and provide standard and customized products where commercially meaningful. "

The company is optimistic about its future because it has plenty of capital and expects demand for its products to remain high. "SiFive is still excited about the long-term opportunities for the company and RISC-V." "the company's growth has never been so strong and the opportunity has never been better," the company said. we have enough money to support the next few years and continue to work with market leaders in every field. "

The impact of SiFive restructuring raises questions about its future trajectory and RISC-V influence, which brings uncertainty to the company's future contribution to RISC-V standards and industry development path.

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