Published: Mon, March 11, 2019
Money | By Ralph Mccoy

Nvidia outbids Intel for Israeli chipmaker Mellanox

Nvidia outbids Intel for Israeli chipmaker Mellanox

Nvidia's advantage is that it would have a greater chance of obtaining USA and Chinese regulatory approval as Intel and Mellanox control the market for InfiniBand technology, a networking communications standard commonly used in supercomputers, Calcalist said.

United States gaming and computer graphics giant Nvidia Corp. has offered to buy Israeli chip maker Mellanox Technologies Ltd., the Calcalist financial website reported Sunday without saying where it got the information.

Nvidia says that going forward, with Mellanox onboard, it'll be able to "optimise data center-scale workloads across the entire computing, networking and storage stack to achieve higher performance, greater utilization and lower operating cost for customers". The combined company will power more than half of the world's 500 largest computers, the company said.

Nvidia CEO, Jensen Huang, had the following to say on the acquisition: "The emergence of AI and data science, as well as billions of simultaneous computer users, is fueling skyrocketing demand on the world's datacenters".

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"Addressing this demand will require holistic architectures that connect vast numbers of fast computing nodes over intelligent networking fabrics to form a giant datacenter-scale compute engine".

Nvidia has outbid Chipzilla during the in the Mellanox auction and is expected to announce the deal as early as today. This website will test you. The one bright spot has been AI and cloud computing, where it's products are used for autonomous vehicles, robots and neural networks. The firm outbid microprocessor giant Intel, which was looking to use Mellanox to expand its datacenter capabilities. The company develops a number of products which overlap with Mellanox's offerings.

Nvidia has confirmed that its bid for Mellanox, which stands at $6.9 billion, has been accepted, leaving Intel in the cold.

In its press announcement, Nvidia said it will acquire all Mellanox stock for $125 per share. Eyal Waldman, founder and CEO of Mellanox, said: "We share the same vision for accelerated computing as NVIDIA". The duo will also have more entries in the hyperscale data center market as well as cloud service providers.

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