Nvidia outbids Intel to buy Israel's Mellanox in data center push

Nvidia buys Israeli chipmaker Mellanox for £5.3bn

Nvidia has confirmed that its bid for Mellanox, which stands at $6.9 billion, has been accepted, leaving Intel in the cold.

Both Bloomberg and Reuters write that Nvidia will hand over the huge sum-the most it's ever paid for a purchase-later today.

Calcalist said that Nvidia would have an advantage over Intel in its bid, as it would have a greater chance of getting both U.S. 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.

'We're excited to unite Nvidia's accelerated computing platform with Mellanox's world-renowned accelerated networking platform under one roof to create next-generation data centre-scale computing solutions. Mellanox's market value, now at about $5.9 billion, started to run up a year ago when activist investors took stakes and talk that it was up for sale emerged. "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". Xilinx is also a fabless semiconductor company that is apparently interested in snatching up its fellow chipmaker. Eyal Waldman, founder and CEO of Mellanox, said: "We share the same vision for accelerated computing as NVIDIA".

It will reportedly help NVIDIA better compete in the server market, which accounts for about a third of its sales.

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NVIDIA says it will use the acquisition to cement its leadership in high-performance computing (HPC).

Nvidia cut its fourth-quarter revenue estimate by half a billion dollars in January because of weak demand for its gaming chips in China and lower-than-expected data center sales.

Nvidia's DGX system is an artificial intelligence computer in a box, while Mellanox has a growing business selling complete switches, which could be combined with Nvidia's boxes, Wheeler said.

The deal is expected to close by the end of 2019.

Credit Suisse and JP Morgan advised Mellanox, while Goldman Sachs advised Nvidia.

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