Nvidia closes in on Mellanox deal in data center push

Nvidia offers bid for Israeli chip firm Mellanox: report

Shares of Mellanox rose 8.8 percent and Nvidia shares fell 1.3 percent in premarket trading. Mellanox also gives Nvidia access to the high-speed networking market. Mellanox makes chips that connect those servers together inside the data centre.

The purported $7 billion acquisition of Mellanox would be NVIDIA's largest acquisition ever, and would see the GPU giant bolster its business of making various chips for the datacenter.

"We want to double down on data centres", he said. The chipmaker has grown at a rapid pace in the past few years under Huang, but a slowdown in China and a fading cryptocurrency craze have started to weigh on its sales in recent quarters.

"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".

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The deal will expand the offerings of Nvidia, which produces chips and other technologies for video games, facial recognition systems and autonomous vehicles. It's about market share in a segment they're already in, he said.

Nvidia says that going forward, with Mellanox onboard, it'll be able to "optimise data center-scale workloads across the entire computing, networking and storage stack to achieve higher performance, greater utilization and lower operating cost for customers". Mellanox will play a role in Nvidia's supercomputing, data centre and cloud service initiatives.

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.

That in turn has increased demand for products from both NVIDIA and Mellanox.

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Reuters reported about the deal on Sunday.

Representatives for Nvidia, Mellanox and Intel declined to comment.

It is expected to close by the end of 2019.

Mellanox will be accretive to Nvidia's non-GAAP earnings and cash flow. The transaction will still have to win approval from regulators. "While computing demand is surging, CPU performance advances are slowing".

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