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Nvidia is buying Mellanox Technologies in a $6.9 billion deal

Jonathan GarberMar 11, 2019, 16:42 IST

Jensen Huang, CEO of Nvidia, shows the Drive Pegasus robotaxi AI computer at his keynote address at CESRick Wilking/Reuters

Nvidia has agreed to buy the chipmaker Mellanox Technologies in a $6.9 billion all-cash deal that will help it expand into the market for data-center components.

The deal will pay Mellanox shareholders $125 a share-a 14.3% premium to Friday's closing price.

"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," Nvidia founder and CEO Jensen Huang said in the press release.

This story is developing...Check back for updates.

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