Nvidia outbids Microsoft, Intel to acquire chipmaker Mellanox for $6.9 billion

Nvidia has come out on top in a bidding war for chipmaker Mellanox.

In a press release on Monday, Nvidia announced its $6.9 billion acquisition of Mellanox, an Israel and California-based networking technology and supercomputer chipmaker. The all-cash acquisition is the largest ever for Nvidia, a company best known for its graphics processors for high-performance gaming.

Mellanox’s focus is on technology for networking and data storage. The company creates InfiniBand and Ethernet products for use in the cloud and data centers as well as in the artificial intelligence sector. It boasts that its technology is used in half of the top 500 most powerful supercomputers. Read more...