Nvidia nears $7 billion deal to buy chip maker Mellanox: report

📆 3/11/2019 4:55 AM
📰 MarketWatch

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Nvidia Corp. is nearing a deal to buy fellow chip maker Mellanox Technologies Ltd. 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. in an auction for Mellanox, and a deal could be announced as soon as Monday.

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