Nvidia acquires Mellanox for USD 6.9 billion

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

The deal, that is expected to close at the end of 2019, will unite two of the world’s leading companies in the chipmaking.

Together, the companies will power more than 250 of the world’s top 500 supercomputers, covering major cloud service provider and computer maker, Nvidia said in a statement.

With Mellanox, Nvidia will optimise datacenter-scale workloads across the entire computing, networking and storage stack to achieve higher performance at lower operating costs for customers.

After the completion of the deal, Nvidia intends to continue investing in local excellence and talent in Israel, one of the world’s most important technology centers.