Nvidia has finally closed the deal of whopping 7 Billion Dollars for acquiring Mellanox, which is an interconnection vendor. The company announced that the transaction is completed on Monday after the acquisition was announced last month when Nvidia outbid Intel.
Nvidia Acquired Mellanox fo increase its industry impact
The purchase will help the company to upscale its offerings to the customers as it strives to create a strong foothold in the technology industry. The company is providing technologies for networking and AI and other high-end next-generation technologies to its clients.
Acquisition to help Nvidia Earnings
The addition of Mellanox will tremendously help Nvidia to enhance its profits. And as per reports, the company is expecting that the purchase will immediately increase its earnings and topple the cash flow.
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Several deals are done
Nvidia has made several acquisitions in the last few months, including Mellanox, for an impressive 7 Billion dollars. It also announced the addition of the storage company Swift stack; however, the terms and details of the agreement are not out yet.
Jensen Huang speaks of the acquisition
The CEO of Nvidia, Jensen Huang said that “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.”
A Homerun dream deal
Nvidia said that it would publish its GTC 2020 Keynote on May 14, the company had earlier said that it would not announce any products at the GTC. The in-person GTC conference was canceled in March due to the coronavirus crisis. The CEO of the company Jensen Huang said that the deal is his dream and exclaimed that the long-awaited merger is one of the crowning achievements.