AI chip startup Eliyan receives takeover offer with valuation target of $3 billion

AI chip startup Eliyan has received at least one acquisition offer and has hired a bank to handle the process, according to a Techub News brief citing Crypto Briefing. The company was valued at $1 billion after a funding round completed several months ago. The potential takeover is now targeting a valuation of $3 billion. The report did not disclose the identity of the bidder or the bank involved, and no timeline for a deal was provided. The update points to a sharp jump from Eliyan’s most recent financing valuation if a transaction moves forward at the level cited in the report.