RISC-V was originally designed to support computer architecture research and education. The instruction set was started in May 2010 at the University of California, Berkeley in an open-source format.
Because of its open-source nature, developers could access and modify the processor architecture without licensing fees or restrictions. Companies took the opportunity to innovate with specialized hardware components for emerging applications at a time when demand was increasing exponentially, alongside safety concerns and power management. The ability of RISC-V-based SoCs to handle data and computation at large-scale has been particularly attractive to companies working in AI, data storage, 5G, automotive and security. Other companies are looking at RISC-V as a solution for low-cost embedded systems, such as edge IoT devices, sensors and actuators.