TEL AVIV (Reuters) - Nvidia Corp has submitted an offer to buy Israeli chip designer Mellanox, the Calcalist financial news website said on Sunday.
Nvidia is competing for Mellanox with Intel Corp, which has already offered $6 billion for the Israeli company, Calcalist said. It cited estimates that Nvidia would pay at least 10 percent more than the price offered by Intel.
Nvidia’s advantage is that it would have a greater chance of obtaining U.S. and Chinese regulatory approval as Intel and Mellanox control the market for InfiniBand technology, a networking communications standard commonly used in supercomputers, Calcalist said.
Submitted March 10, 2019 at 09:24AM by coolcomfort123 https://ift.tt/2EM25dk
