Economy

NVIDIA rumored to acquire Mellanox for $7 billion

NVIDIA rumored to acquire Mellanox for $7 billion”

"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 CEO Jensen Huang said. With a price tag of $6.9 billion, NVIDIA's acquisition will be vaulting the company deep into the datacenter networking market, making them one of the leading vendors virtually overnight.

'We share the same vision for accelerated computing as Nvidia, ' adds Eyal Waldman, founder and chief executive of Mellanox.

Data center revenue accounts for almost a third of Nvidia's sales.

Nvidia has invested heavily in its datacentre and AI technologies over the years and acquiring Mellanox will be an extension of that. Xilinx is also a fabless semiconductor company that is apparently interested in snatching up its fellow chipmaker.

Calcalist said that Nvidia would have an advantage over Intel in its bid, as it would have a greater chance of getting both USA and Chinese regulatory approvals, given that Intel and Mellanox control the market for InfiniBand technology, a computer-networking communications standard that is used in high performance computers. Mellanox will play a role in Nvidia's supercomputing, data centre and cloud service initiatives.

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".

Mellanox will be accretive to Nvidia's non-GAAP earnings and cash flow.

"The deal will give Nvidia an even bigger market share in the data-center market", he said. Nvidia's computing platform and Mellanox's interconnects power more than half the world's Top 500 supercomputers. This, the source further details, represents a premium above an earlier bid placed by Intel, and a significant premium over Mellanox' current market cap.

Analysts were upbeat on the purchase.



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