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Home > Hardware > NVIDIA completes Mellanox acquisition

NVIDIA completes Mellanox acquisition

NVIDIA announced the completion of its acquisition of Mellanox Technologies for a transaction value of $7 billion.

Erdem Yasar by Erdem Yasar
April 29, 2020
in Hardware
1 min read
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NVIDIA completes Mellanox acquisition
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NVIDIA‘s $7 billion worth acquisition of Mellanox was initially announced on March 11, 2019, It unites two companies in high performance and data center computing. The move will enable customers to achieve higher performance, greater utilization of computing resources, and lower operating costs.

AI and accelerated data science

Jensen Huang, founder and CEO of NVIDIA
Jensen Huang, founder and CEO of NVIDIA

The acquisition is expected to be immediately accretive to NVIDIA’s non-GAAP gross margin, non-GAAP EPS, and free cash flow, inclusive of incremental interest expense related to NVIDIA’s recent issuance of $5 billion of notes. Jensen Huang, founder and CEO of NVIDIA said,

“The expanding use of AI and data science is reshaping computing and data center architectures. With Mellanox, the new NVIDIA has end-to-end technologies from AI computing to networking, full-stack offerings from processors to software, and significant scale to advance next-generation data centers. Our combined expertise, supported by a rich ecosystem of partners, will meet the challenge of surging global demand for consumer internet services, and the application of AI and accelerated data science from cloud to edge to robotics.”

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Tags: Mellanox TechnologiesNvidia
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Erdem Yasar

Erdem Yasar

Erdem Yasar is a news editor at Cloud7 News. Erdem started his career by writing video game reviews in 2007 for PC World magazine while he was studying computer engineering. In the following years, he focused on software development with various programming languages. After his graduation, he continued to work as an editor for several major tech-related websites and magazines. During the 2010s, Erdem Yasar shifted his focus to cloud computing, hosting, and data centers as they were becoming more popular topics in the tech industry. Erdem Yasar also worked with various industry-leading tech companies as a content creator by writing blog posts and other articles. Prior to his role at Cloud7 News, Erdem was the managing editor of T3 Magazine.

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