Nvidia Closes $7 billion Acquisition of Mellanox Technologies

Nvidia, chipmaker, Mellanox Technologies, US, China, network computing, lower operating costs, datacenter
Nvidia Closes _7 billion Acquisition of Mellanox Technologies

Chipmaker Nvidia has announced it has completed the long-awaited acquisition of chip producer Mellanox Technologies. The $7 billion acquisition was first announced in the first quarter of 2019 amidst a trade war between the U.S. and China. The deal is expected to allow customers to achieve greater utilization of computing resources and lower operating costs.

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Mellanox is an Israel-based supplier for high-performance network computing. The merger will offer Nvidia end-to-end expertise in data center services and a larger footprint. It is the next step in NVIDIA’s ongoing efforts to grow its data center presence.

Source: https://www.cnbc.com/2020/04/27/nvidia-ceo-calls-mellanox-acquisition-a-homerun-deal.html

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