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Nvidia nears $7 billion deal to buy chip

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DiscoverGold   Monday, 03/11/19 08:19:23 AM
Re: None
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Nvidia nears $7 billion deal to buy chip maker Mellanox: report
By: MarketWatch | March 11, 2019

Nvidia Corp. NVDA, +2.53% is nearing a deal to buy fellow chip maker Mellanox Technologies Ltd. MLNX, +8.63% for more than $7 billion, Reuters reported Sunday. The all-cash deal would be the biggest ever for Nvidia. Mellanox makes chips for data-center servers, which would help diversify Nvidia away from being so reliant on chips for videogame computers. Reuters said Nvidia outbid rival Intel Corp. INTC, -0.23% in an auction for Mellanox, and a deal could be announced as soon as Monday.

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