Press release

Innovative Logic USB IP Portfolio Strengthens RISC-V Ecosystem

Sponsored by Businesswire

Innovative Logic, Inc. today announced the acquisition of its USB IP by
leading RISC-V IP and silicon solutions provider, SiFive. As part of the
deal, SiFive has hired the majority of Innovative Logic’s employees in
Bengaluru, India, to further augment SiFive’s comprehensive IP portfolio
and drive the development of the next generation of controllers.

Innovative Logic’s India engineering team has been working in the USB IP
domain for more than a decade, building a strong reputation for
developing and implementing high quality, silicon-proven, certified USB
IP. The team has led USB development from legacy USB 2.0 to
next-generation USB 3.x and implemented its key IP in advanced process
technology nodes.

“We are excited to add Innovative Logic’s IP assets to our current IP
Portfolio,” said Naveed Sherwani, CEO of SiFive. “We welcome Innovative
Logic’s India team to the SiFive family as part of our successful IP
team, and look forward to expanding our IP roadmap.”

Said Dinesh Tyagi, president and CEO of Innovative Logic, Inc: “We are
incredibly proud to join the RISC-V revolution under SiFive’s
leadership. The synergy between SiFive’s IP growth strategy and
Innovative Logic’s USB IP technology, and the combination of both
talented teams will accelerate the delivery of next-generation IPs for
upcoming SoC designs.”

Innovative Logic India, a wholly owned subsidiary of Innovative Logic,
Inc., is one of the few product startup companies in Bengaluru, India,
offering a complete USB solution to top-tier clients worldwide in close
collaboration with its PHY partners.

About SiFive

SiFive is the leading provider of market-ready processor core IP,
development tools and silicon solutions based on the free and open
RISC-V instruction set architecture. Led by a team of seasoned silicon
executives and the RISC-V inventors, SiFive helps SoC designers reduce
time-to-market and realize cost savings with customized,
open-architecture processor cores, and democratizes access to optimized
silicon by enabling system designers in all market verticals to build
customized RISC-V based semiconductors. Located in Silicon Valley,
SiFive has backing from Sutter Hill Ventures, Spark Capital, Osage
University Partners, Chengwei, Huami, SK Hynix, Intel Capital, and
Western Digital. For more information, visit

About Innovative Logic Inc.

Innovative Logic is a leading provider of standard based Soft IP
solutions as well as high-quality design services in ASIC, FPGA, and
Embedded Systems domains. Innovative Logic has a world-class team of
engineers who have successfully executed different projects using the
latest tools and technologies. For more information, please visit