This acquisition is expected to immediately affect Nvidia’s financial performance.
Nvidia today announced the completion of the acquisition of Mellanox Technologies for $ 7 billion.
Nvidia completes acquisition of Mellanox
The acquisition announced on March 11, 2019, brings together two leading companies in the field of high-performance computing and network equipment for data centers.
“The increased use of AI and data science will transform the architecture of computing systems and data centers,” said Jensen Huang, founder, and CEO of NVIDIA. “With Mellanox, the new Nvidia has comprehensive technologies from artificial intelligence to network technologies, comprehensive offerings from processors to software, and a significant scale to advance the next-generation data center. Our joint experience, supported by a rich ecosystem of partners, will help to cope with the growing global demand for consumer Internet services, as well as with the use of artificial intelligence and accelerate data processing from the cloud to the periphery and robotics. “
This acquisition is expected to immediately reflect on Nvidia’s financials. In particular, due to additional costs associated with the recent issuance of bonds in the amount of $ 5 billion.