FILE PHOTO: A Meta logo is pictured at a trade fair in Hannover Messe, in Hanover, Germany, April 22, 2024. REUTERS/Annegret Hilse/File Photo
(Reuters) -Meta is acquiring the chip startup Rivos, a source familiar with the matter told Reuters on Tuesday, as the social media company looks to bolster its in-house semiconductor efforts.
The Santa Clara, California-based startup, which is backed by Intel 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.
