Intel (INTC) and Qualcomm (QCOM) are among companies showing early takeover interest in Tenstorrent, with the firms holding conversations with the AI chip startup, Bloomberg reported, citing people familiar with the matter.
Tenstorrent has been speaking with investment banks about evaluating its options and continues to court prospective investors in a funding round, while also entertaining interest from would-be buyers.
The startup could be valued at more than $5 billion in a potential transaction, or higher, depending on how valuations evolve in the sector following Cerebras Systems' initial public offering, according to the report Monday.
Intel and Qualcomm did not immediately respond to' request for comment.
(Market Chatter news is derived from conversations with market professionals globally. This information is believed to be from reliable sources but may include rumor and speculation. Accuracy is not guaranteed.)
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