Eliyan Draws Multiple Acquisition Offers as Chipmakers Scramble to Fix AI's Data Bottleneck

Eliyan, a Santa Clara-based chiplet interconnect startup backed by AMD, Cisco, and Meta, has drawn takeover interest as the industry races to solve the data-transfer bottleneck strangling AI system performance. The five-year-old company, valued at $1 billion after a $145 million Series C in July 2026, told investors this month it has received at least one acquisition bid and is working with an investment bank to explore a potential $3 billion valuation.