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Mellanox reportedly gets acquired by Nvidia after outbidding Intel  

Nvidia mellanox

Nvidia, an American graphics card maker, is reportedly acquiring Mellanox, an Israeli chipmaker for more than $7bn in cash.

According to Reuters, Nvidia outbid Intel’s $6bn offer and the deal could close as early as Monday.

Intel had made a $6bn offer to the company a few months ago and put itself on sale again in October last year and received attention from Xilinx, a US-based supplier of programmable logic devices and Microsoft.

This deal would be the graphics card makers largest acquisition ever. Mellanox is best known for its networking technology and high-performance computing. It also makes adapters, chips, and switches for InfiniBand and Ethernet network devices. The acquisition would give Nvidia’s data center business a much need boost.

The data center business accounts for one-third of Nvidia’s sales and reduced its dependence on the GPU sales and gaming market.

 

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Joel Picardo

Joel Picardo has been in the Cryptocurrency space from the last 2 years and got to know about it through his mentor Arvind Borhade (CTO at U.CASH). He is also currently managing the operations at UCASH India. He is an individual filled with optimism and destined to be a billionaire in the future. His work ethic and dedication are second to none. He believes that the Blockchain would create many peer to peer decentralized originations. Other than exploring the potential of Blockchain, Joel loves to test all the latest gadgets in the market and give honest reviews and opinions for the same.

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