Arm Rival SiFive Expects Licensing Revenue to Surge This Year
- Company has discussed possibility of initial public offering
- SiFive suffered loss of $113.1 million in 2023, documents show
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SiFive Inc., a money-losing chip designer that competes with Arm Holdings Plc, expects to boost its licensing revenue to $60 million this year while striking at least $180 million worth of lifetime royalty deals.
The closely held company generated $38.2 million in revenue in 2023, according to documents reviewed by Bloomberg News. It also signed $186 million in lifetime deals. But the startup suffered a net operating loss of $113.1 million during that period, saddled by operating expenses of $148.9 million, the documents show.