Justin Sullivan/Getty Images News Semiconductor company Ampere Computing, backed by Oracle (NYSE:ORCL) and Larry Ellison, is likely considering a potential sale, according to a Bloomberg report that cites people familiar with the matter. The Santa Clara, California-based company collaborated with a financial adviser to assess takeover interest from larger industry players but has not ruled out the option of remaining independent. The sale consideration may indicate that Ampere does not foresee an IPO as an easy path, the report said. The ongoing AI boom could benefit the company, but the semiconductor market has become increasingly competitive, with other tech firms also developing similar chips. Though the chipmaker seems to have stepped back from pursuing an immediate IPO, the possibility remains for the future, people with knowledge of the matter said. Ampere was valued at $8B in a proposed minority investment by SoftBank Group (OTCPK:SFTBY) in 2021. Oracle (ORCL) stock has gained about 46% over the last year, and it gets a Seeking Alpha quant rating of Hold with the highest factor grades given to profitability.