Syntiant

Advertisement | Remove ads. Chipmaker Syntiant Corp. has filed for an initial public offering (IPO), the company said on Monday, seeking to capitalize on the growing enthusiasm for semiconductors and AI-related technologies. The timing is notable, coming two months after chipmaker Cerebras Systems went public and amid a growing divergence in chip stocks. While sector bellwether Nvidia has delivered a relatively muted performance in recent months, peers Intel and Advanced Micro Devices, along with memory chipmakers such as Micron, have posted outsized gains.

Cerebras, meanwhile, has moved in the opposite direction, with its shares now down 45% from their May 14 opening price. Retail sentiment for CBRS has dipped this month and was ‘bearish’ as of late Monday. Advertisement | Remove ads. Founded in 2017, Syntiant designs ultra-low-power AI processors and software for running machine learning models directly on edge devices, rather than in the cloud. Its main products include Neural Decision Processors (NDPs), AI accelerators, and edge AI software used for always-on voice recognition, audio processing, computer vision, and sensor fusion, among other functionalities.

The company positions itself as a leader in energy-efficient edge AI chips, targeting battery-powered devices where low latency and minimal power consumption are critical. Advertisement | Remove ads. 6 million a year earlier. Intel Capital, the venture investment arm ​of Intel, ⁠along with Microsoft Global Finance and Knowles Corp, are investors in Syntiant, according to the company. Citigroup, BofA Securities, UBS Investment ​Bank and Needham & Company are among the underwriters for the offering. ” Advertisement | Remove ads.