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Nvidia Outbids Intel to Buy Israel’s Mellanox in Data Centre Push

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Friday, March 15th, 2019

By Reuters:
U.S. chip supplier Nvidia Corp has agreed to buy Israeli chip designer Mellanox Technologies Ltd for $6.8 billion, beating rival Intel Corp in a deal that would help the firm boost its data centre and artificial intelligence business.

Nvidia bought Mellanox to help stitch those servers together into one giant computer, Nvidia Chief Executive Jensen Huang told Reuters in an interview.

“We want to double down on data centres,” he said.

Read more at the New York Times:

https://www.nytimes.com/reuters/2019/03/11/business/11reuters-mellanox-m-a-nvidia.html