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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
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".
"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.