News Score: Score the News, Sort the News, Rewrite the Headlines

Arm Rival SiFive Expects Licensing Revenue to Surge This Year

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...

Read more at bloomberg.com

© News Score  score the news, sort the news, rewrite the headlines