techkenyot.com
techkenyot.com March 26, 2019


NVIDIA rumored to acquire Mellanox for $7 billion

12 March 2019, 02:27 | Hattie Nash

Innovative ETFs Channel Semiconductor ETF SOXX Pops as Nvidia Buys Chip Maker Mellanox By Max Chen

Semiconductor ETF SOXX Pops as Nvidia Buys Chip Maker Mellanox

Both Bloomberg and Reuters write that Nvidia will hand over the huge sum-the most it's ever paid for a purchase-later today.

The deal, which is Nvidia's largest to date, reportedly saw the firm topple a $6bn bid made by Intel. The company is known for producing high-speed networking components using Ethernet and InfiniBand.

Nvidia has been pushing more into networking and connectivity with its own tailored solutions and Mellanox would bring further expertise along these lines, Bernstein analyst Stacy Rasgon said. "It will probably spark questions as to whether Nvidia sees anything changing regarding the growth trajectory of their core data center business".

Weekend Weather Takes A Turn As UK Forecasts Snow And Strong Winds
A band of heavy rain will also push south-eastwards, and will be followed by some heavy showers during Tuesday and Wednesday. Temperatures are not likely to get much above 10 or 11C - but with the wind chill, this could feel more like 6 to 8C.

"This exciting transaction would unite two HPC industry leaders and strengthen the combined company's ability to create data-centric system architectures for the convergence of the HPC and hyperscale markets around AI and other HPDA tasks", said Steve Conway, COO and Research SVP at Hyperion Research.

Nvidia's rivalry with Intel hits a new stage.

Nvidia has outbid Intel Corp in the auction for Mellanox and could announce a deal as early as Monday, the person said.

Jets to acquire All-Pro G Osemele
Osemele is a two-time Pro Bowler who has earned a reputation as one of the better offensive guards in the league. Osemele, 29, is scheduled to receive a base salary of $9.7 million in 2019 and $11.2 million in 2020.

In January, Nvidia, which has market capitalization of $91 billion, cut its fourth quarter revenue estimate by half a billion dollars because of weak demand for its gaming chips in China and lower-than-expected data centre sales.

What follows are eight important things to know about the $6.8 billion Nvidia-Mellanox acquisition, including the market for Mellanox's products, what they're used for and the history of Mellanox's journey from activist investor spat to acquisition by Nvidia. Nvidia and Mellanox aren't strangers; they have previously worked together on several products including the likes of the Nvidia DGX-2, as well as the #1 and #2 U.S. supercomputers - Summit and Sierra.

"The emergence of AI and data science, as well as billions of simultaneous computer users, is fueling skyrocketing demand on the world's datacenters", said Nvidia founder and CEO Jensen Huang in a statement.

Prosecutors drop murder charge against Kim Jong-nam suspect Siti Aisyah
The charge was "vague" and the prosecution "has failed to make out a prima facie case against the accused (Aisyah)", he said. Salim Bashir, one of Huong's lawyers, earlier told the media that she will testify with the defense stage of proceedings.



Other News

Trending Now

After Magical Wedding Festivities, Ambani's Host A Lavish Reception [Watch Videos & Pictures]
Celebrations began in Mumbai with feasts, singing and dancing, and other pre-wedding rituals, for the wedding between the two 28-year-olds.

Porsche Taycan production model confirmed for September debut
Consisting of two electric motors, the powertrain will combine to give the auto a total output of 600 hp. For a start, Porsche hasn't even revealed what the final design of the production Taycan will be.

Seoul closely monitoring North Korea for 'missile launch' - DN - Defence Notes
In an interview with ABC, US NSA Bolton said that he will be talking with his South Korean counterpart Monday morning. He said Kim promised in Hanoi that he would do no more missile or nuclear testing, adding, "I take him at his word".

Californians Voted For Year-Round Daylight Saving. Could Sunday’s Spring Forward Be Permanent?
Many people think that daylight saving time , abbreviated DST, can trace its roots back to founding father Benjamin Franklin . Forward, because, as the old adage goes, you " spring forward" and " fall back" when it comes to daylight saving time .

Bodies of missing climbers from UK, Italy found on Pakistan mountain
The body of Tom's mother, Alison Hargreaves, who died in 1995 on K2, also in Pakistan, has never been found. The snow-capped mountain of Nanga Parbat nicknamed "Killer Mountain" is seen in northern Pakistan.

Tucker Carlson not apologizing for 'misogynistic' comments
In December, Fox News lost more than a dozen advertisers due to derogatory comments Mr Carlson made about immigrants. As it stands now, Tucker Carlson has the full support of Fox news and it doesn't appear his show is in jeopardy.

Boxing legend George Foreman's daughter Freeda found dead at home
After her sixth fight ended in a loss, Foreman retired from fighting to focus on personal matters and other projects. The daughter of legendary boxer George Foreman was found dead in her Texas home on Saturday (March 9), TMZ reports.

Serena Williams retires with viral illness at Indian Wells
The Romanian was one of six seeds to progress, with Svitolina joining her after a 7-5 6-4 win over Daria Gavrilova. Williams was seeded 10th in her first tournament since a quarter-final exit at the Australian Open.

Donald Trump Denies Calling Tim Cook "Tim Apple" Despite Video Evidence
Cook for his "big investment" in the USA and referred to the tech executive with a new nickname " Tim Apple ". Cook noticed it, too, humorously changing his name on Twitter to "Tim ".

Brexit backers to United Kingdom prime minister: Don't delay
Downing Street has thus far failed to confirm this, saying only: " We have not confirmed anything at this stage ". British MPs are set to vote on a Brexit plan for a second time on Tuesday.