SiFive, Inc., a fabless semiconductor company, has announced the opening of its new UK Research & Development (R&D) Center headquartered in Cambridge, United Kingdom. Along with this new facility, the company is committed to hiring more than 100 new employees across a range of roles. 

SiFive is the first company to produce a chip that implements their proprietary RISC-V ISA. This ISA offers more architectural implementation choices than most other ISA designs. The demand for these RISC-V cores is unprecedented, creating an opportunity for local talent to deliver innovative solutions.  

The new facility will aid in SiFive’s mission to build the world’s best computing platforms and bring the open standard RISC-V ISA to all by giving designers the tools to deliver differentiated and best-in-class products. The facility follows after the company announced $175 million in Series F funding back in March 2022.

“Overseas investment supports jobs and boosts local economies across the UK, playing an important role in this government’s Levelling Up agenda. SiFive’s UK expansion is both a strong example of this and a major vote of confidence in our thriving $1 trillion tech sector, cementing the UK as a tech and science superpower,” said Minister for Investment, Lord Grimstone. “This investment is a fantastic opportunity to be part of SiFive’s growing team in the UK and work alongside the co-creators of RISC-V, and is a great compliment to the UK and its future.”

Who We Are:

Swanson Reed is one of the UK’s leading R&D Tax Relief consultancies. We manage all facets of the SR&ED tax credit program, from claim preparation and audit compliance to claim disputes.

If you would like to find out more about how your business could benefit from R&D Tax Credit, contact a Swanson Reed R&D Tax Advisor today.