Open source Arm competitor SiFive lays off 20% of staff

Chip design startup SiFive has laid off around 20% of its staff, or about 130 people, the company said on Tuesday. SiFive builds chip designs based on an open chip architecture known as RISC-V, and competes against the recently public Arm Holdings. Like Arm, SiFive builds the underlying designs chips are based on, but not the chips themselves.