Meta plans to buy chip startup Rivos to boost semiconductor efforts

Meta (META.O), opens new tab intends to acquire the chip startup Rivos to bolster its in-house semiconductor efforts, the social media company said on Tuesday.

The Santa Clara, California-based startup, which is backed by Intel (INTC.O), opens new tab CEO Lip-Bu Tan, is focused on designing chips based on the RISC-V architecture, an open-source alternative to the architectures made by Arm, Intel and AMD (AMD.O), opens new tab.