Things To Know About The $6.9B Nvidia-Mellanox Acquisition

12 March, 2019, 05:59 | Author: Billie Castillo
  • Nvidia at trade show

With a price tag of $6.9 billion, NVIDIA's acquisition will be vaulting the company deep into the datacenter networking market, making them one of the leading vendors virtually overnight. 'Addressing this demand will require holistic architectures that connect vast numbers of fast computing nodes over intelligent networking fabrics to form a giant data centre-scale compute engine.

Reports surfaced yesterday on the Israeli technology news site CTec, that Nvidia had entered the Mellanox bidding, which reportedly has included Xilinx, Broadcom, Microsoft, among rumored other companies, along with Intel.

Post close, the transaction - for which Goldman Sachs served as financial advisor to Nvidia - is expected to be immediately accretive to Nvidia's non-GAAP gross margin, non-GAAP earnings per share and free cash flow, according to Nvidia.

Nvidia has been pushing more into networking and connectivity with its own tailored solutions and Mellanox would bring further expertise along these lines, Bernstein analyst Stacy Rasgon said. Mellanox shares rose 8.2 percent to $118.35 and Nvidia shares gained 7 percent to $161.23 on Monday. The duo will also have more entries in the hyperscale data center market as well as cloud service providers.

The game plan for Nvidia is to use Mellanox to optimize data center workloads across compute, networking and storage. Under Huang, the company developed the Cuda programming language now widely adopted by the industry, which helps tailor chips for artificial intelligence processing.

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Nvidia is set to make the biggest acquisition in its history. The latter company made over US$1 billion in revenue in 2018, with US$290 million of that coming in the fourth quarter.

A chip expert says the deal will give Nvidia an even bigger market share in the data-center market, which Reportlinker says will reach revenues of around $174 billion by 2023. The transaction will still have to win approval from regulators.

Qualcomm Inc.'s bid for NXP Semiconductors NV was abandoned past year after failing to get approval in China before a company imposed deadline.

Add it up and Nvidia with Mellanox can better optimize systems.

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