“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.

Nvidia headquarters in Santa Clara, California. – Photo: Wikimedia/Coolcaesar

“The emergence of AI and data science, as well as billions of simultaneous computer users, is fueling skyrocketing demand on the world’s datacenters,” said founder and CEO of Nvidia Jensen Huang.

“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.”

MSI Geforce RTX 2080Ti graphics card using the 12nm Turing technology – Photo: Wikimedia,Wikiguru001

“We share the same vision for accelerated computing as Nvidia,” said Mellanox founder and CEO Eyal Waldman.

“Combining our two companies comes as a natural extension of our longstanding partnership and is a great fit given our common performance-driven cultures. This combination will foster the creation of powerful technology and fantastic opportunities for our people.”

View original The Jerusalem Post publication at:
https://www.jpost.com/Jpost-Tech/Nvidia-acquires-Israeli-chipmaker-Mellanox-in-69-billion-deal-583089