“We share the same vision for accelerated computing as Nvidia,” said Israel’s Mellanox CEO, Eyal Waldman. “This combination will foster the creation of powerful technology and fantastic opportunities for our people.”
By EYTAN HALON
American technology giant Nvidia will acquire Israeli chipmaker Mellanox in a deal worth $6.9 billion, the companies announced on Monday.
The Yokne’am-based company, founded in 1999 and listed on the Nasdaq Stock Market, supplies end-to-end interconnect solutions and services for data center servers and storage systems.
Nvidia’s purchase of the company, acquiring all issued and outstanding common shares for $125 per share in cash, puts an end to months of reported takeover attempts by some of the world’s biggest hi-tech firms, including Intel, Microsoft and Xilinx. Continue Reading »