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NVIDIA rumored to acquire Mellanox for $7 billion

NVIDIA eyeing off Mellanox would supercharge its datacenter business
By: Anthony Garreffa | Business, Financial & Legal News | Posted: 1 week, 3 days ago

NVIDIA is reportedly eying off an acquisition of Mellanox for a huge $7 billion, according top sources familiar with the matter reports Reuters.

 

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The purported $7 billion acquisition of Mellanox would be NVIDIA's largest acquisition ever, and would see the GPU giant bolster its business of making various chips for the datacenter. NVIDIA wasn't the only one with its name in the acquisition hat with Intel being outbid by the GPU giant in its quest to acquire Mellanox.

 

Mellanox is based in both the US and Israel where it makes high-speed network connecting servers, with a market cap at the end of trading on Friday of around $5.9 billion. We should expect this deal to cement in this week, leading directly into NVIDIA's biggest event of the year: the GPU Technology Conference, or GTC.

NEWS SOURCES:Cnbc.com

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