Eliyan Draws $3 Billion Acquisition Interest as Chipmakers Race to Solve AI Data Bottlenecks

Eliyan, a Santa Clara semiconductor startup backed by AMD, Cisco, and Meta, is fielding acquisition interest at roughly $3 billion valuations as chipmakers scramble to acquire expertise in electro-optical interconnects—a critical technology for solving the data-transfer constraints now limiting AI system performance. The company achieved unicorn status in July 2026 after raising $145 million in Series C funding at a $1 billion valuation; it had previously secured $50 million from the same consortium of industry leaders who viewed chiplet interconnect technology as foundational to the next generation of AI infrastructure.