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

Nvidia offers bid for Israeli chip firm Mellanox: report

The agreement, which the companies described as "definitive", follows a competitive bidding process which according to sources familiar with the matter, included rival chipmakers such as Intel.

Nvidia's acquisition of Mellanox would also represent a win for activist hedge fund Starboard Value LP, which is a shareholder of the company and reached a deal with it past year over the composition of its board.

"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 datacenter-scale computing solutions", said Huang.

A report on the technology website for the Israeli daily newspaper Calcalist claims that Nvidia has shown a firm interest in acquiring Mellanox Technologies. Xilinx is also a fabless semiconductor company that is apparently interested in snatching up its fellow chipmaker. But the performance growth of the GPUs that NVIDIA makes has not slowed in the same way, and they have been found to work particularly well in modern, datacenter-based workloads.

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"Intel losses market shares to Nvidia in the computing side", said Jeremie Capron, head of research at ROBO Global, which runs a robotics and AI- focused exchange-traded fund under the ticker "ROBO".

Nvidia's purchase of Mellanox for $6.9 billion will translate into a broader data center play for beyond the graphics and high performance computing markets.

Intel declined to comment on whether the company had for Mellanox.

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. We should expect this deal to cement in this week, leading directly into NVIDIA's biggest event of the year: the GPU Technology Conference, or GTC.

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Data centre revenue accounts for almost a third of Nvidia's sales.

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

Analysts believe Intel would have faced even greater challenges as it and Mellanox were dominant suppliers of InfiniBand technology, a networking standard commonly used in supercomputers.

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