Nvidia, chipmaking company acquires Mellanox for USD 6.9 billion

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Nvidia has confirmed that it is bringing in chipmaker Mellanox for USD 6.9 billion. As part of the agreement, Nvidia has received all issued and outstanding common shares of Mellanox for USD 125 per share in cash.

This deal, which is expected to be closed at the end of 2019, will unite two world’s leading companies in the chipmaking.

Nvidia said in a statement, Overall, companies will power more than 250 of the world’s top 500 supercomputers, which covers major cloud service provider and computer manufacturers.

With Mellanox, Nvidia will optimize the datacenter-scale workloads in the entire computing, networking, and storage stack, to get high performance at low operating costs for customers.

After the deal is completed, Nvidia aims to continue investing in local excellence and talent in Israel, which is one of the world’s largest technology centers.