Nvidia close to Mellanox deal

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Nvidia offers bid for Israeli chip firm Mellanox: report

NVIDIA has announced that it plans to buy Israeli chipmaker Mellanox.

Calcalist said that Nvidia would have an advantage over Intel in its bid, as it would have a greater chance of getting both USA and Chinese regulatory approvals, given that Intel and Mellanox control the market for InfiniBand technology, a computer-networking communications standard that is used in high performance computers. We are focused on accelerated computing for high performance computing, and Mellanox is focused on networking and storage for high performance computing, and we have combined the two companies under one roof. The company has been pushing its technology into new areas, arguing that it has the best solution to the tougher requirements of processing data related to artificial intelligence. All three companies offered prices above Mellanox's market capitalization of $5.9 billion when markets closed Friday.

In the press-statement about the acquisition Nvidia's Jensen Huang talked about how excited he was to be able to combine Nvidia's and Mellanox's talents and technologies to create holistic compute/networking architectures "to form a giant datacenter-scale compute engine".

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The two companies are also long-time partners.

Nvidia is set to acquire data center chipmaker Mellanox for around $7bn after reportedly outbidding Intel, accounts have claimed.

This is being seen as a cunning plan to reduce Nvidia's dependence on the video game industry.

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Nvidia is the leading bidder ahead of rivals including Intel, though no final decision has been made and the outcome could still change, the sources said. The rate at which chips direct that traffic has become increasingly important as corporate computer networks and cloud service providers try to make sense of the growing flood of data being generated.

The headlining transaction has already been approved by both companies' boards of directors and is expected to close by the end of calendar year 2019.

Goldman Sachs served as exclusive financial adviser to Nvidia, while Credit Suisse Group and JPMorgan Chase & Co. advised Mellanox.

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