Chip Interconnect Startup Eliyan Fields Buyout Bid, Engages Arm

Eliyan, a five-year-old chip interconnect startup last valued at $1 billion in July, has told some backers it received an acquisition offer. It has worked with an investment bank since the summer and may target a $3 billion valuation, while Arm, an existing investor owned by SoftBank, has had preliminary discussions.

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Eliyan is a five-year-old semiconductor startup focused on chip interconnect technology. As of July, it carried a $1 billion valuation. Some of its backers have been told that an acquisition offer was received. Since the summer, it has worked with an investment bank, and it may be seeking a $3 billion valuation. Arm, which is already an investor and is owned by SoftBank, has held preliminary discussions. The situation sits within the broader semiconductor sector, where interconnect technology helps chips exchange data.

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