Economy

General Business: Nvidia to acquire Mellanox for US$6.9bn

General Business: Nvidia to acquire Mellanox for US$6.9bn

Mellanox specializes in datacenter connectivity, paratactically high-bandwidth Ethernet and InfiniBand products, for use in high-performance systems.

USA gaming and computer graphics giant Nvidia Corp. has offered to buy Israeli chip maker Mellanox Technologies Ltd., the Calcalist financial website reported Sunday without saying where it got the information.

With its ownership of Mellanox, Nvidia hopes to go forward and "optimise datacenter-scale workloads across the entire computing, networking and storage stack to achieve higher performance, greater utilization and lower operating cost for customers." . The combined company will power more than half of the world's 500 largest computers, the company said.

Nvidia is competing for Mellanox with Intel Corp, which has already offered $6 billion for the Israeli company, Calcalist said.

"Addressing this demand will require holistic architectures that connect vast numbers of fast computing nodes over intelligent networking fabrics to form a giant datacenter-scale compute engine. I am particularly thrilled to work closely with the visionary leaders of Mellanox and their unbelievable people to invent the computers of tomorrow".

The offer price of $125 per share represents a premium of 14 percent to Mellanox's Friday close.

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"We're excited to unite Nvidia's accelerated computing platform with Mellanox's world-renowned accelerated networking platform under one roof to create next-generation datacenter-scale computing solutions", said Huang. Waldman added that the combination of Nvidia and Mellanox was "a natural extension of our longstanding partnership".

The two companies are also long-time partners.

Mellanox, originally founded in Israel, has a long history of collaboration and joint innovation with Nvidia. The company said it intends to fund the acquisition through cash on its balance sheet.

Meanwhile, with NVIDIA's own datacenter and HPC revenues growing by leaps and bounds over the last few years - thanks in big part to the machine learning boom - NVIDIA has made a decision to expand their datacenter product portfolio by picking up Mellanox.

Nvidia will conduct a webcast at 5:30 a.m. PT today to discuss the transaction.


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