The unusual transfer of Intel's low-power x86 design code to a startup tied to CEO Lip-Bu Tan comes as Rosaic prepares for a $10 million seed round, according to Reuters-reviewed filings.
Intel is providing Rosaic Labs with register-transfer level code for its low-power Atom CPU, an unusual step that gives the newly formed startup access to core processor intellectual property used in Intel's x86 architecture. Rosaic, incorporated in Delaware in May, is led by CEO Amarjit Gill, a venture capital investor and longtime business associate of Intel CEO Lip-Bu Tan. Reuters reported that Gill helped form the founding team of Rivos, where Tan served as chairman, and that the two also co-invested at the seed stage in Rivos and Nuvia. Amended incorporation documents dated July 24 show Rosaic is positioning for a $10 million seed round and set a $5 million management discretionary spending limit without investor or board approval. The company has not publicly detailed its products, but Atom is designed for low-power, low-heat computing in mobile and edge devices, making the transfer notable in a market where demand for AI inference hardware is expanding. Intel declined to comment, and Gill and Rosaic co-founder Amit Parikh did not respond to messages, Reuters said.