Nvidia set to acquire Mellanox Technologies for $6.9 billion
Nvidia set to acquire Mellanox Technologies for $6.9 billion
Nvidia offers bid for Israeli chip firm Mellanox: report
11 March, 2019, 20:27
Nvidia and Intel, as is usual for the companies, have refused to speculate on the sources' claims, but an announcement from the successful bidder is expected early this week.
Starting off the week bright and early, NVIDIA this morning announced that they're acquiring datacenter networking and interconnect Mellanox. Nvidia and Mellanox aren't strangers; they have previously worked together on several products including the likes of the Nvidia DGX-2, as well as the #1 and #2 USA supercomputers - Summit and Sierra.
As artificial intelligence workloads become the norm, Nvidia with Mellanox be more an architecture play.
Nvidia has been looking at boosting its data centre revenue for some time.
Israeli startup Mellanox, which has a market value of around $5.9 billion, is mostly focused on selling networking hardware based on the Ethernet and InfiniBand communications protocols used for servers and storage within data centers.
Post close, the transaction - for which Goldman Sachs served as financial advisor to Nvidia - is expected to be immediately accretive to Nvidia's non-GAAP gross margin, non-GAAP earnings per share and free cash flow, according to Nvidia.
In the press-statement about the acquisition Nvidia's Jensen Huang talked about how excited he was to be able to combine Nvidia's and Mellanox's talents and technologies to create holistic compute/networking architectures "to form a giant datacenter-scale compute engine".
"The deal will give Nvidia an even bigger market share in the data-center market", he said. "NVDA's computing platform and MLNX's interconnects will power over 250 of the world's Top 600 supercomputers, and the two companies have every CSP and computer market as customers".
Nvidia announced at the Consumer Electronics Show in Las Vegas in January an autopilot system for self-driving vehicles called Nvidia Drive. It will also foster the next generation of HPC and AI platforms for hyperscale and enterprise datacenters, as well as supercomputing centers.
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