Nvidia to win unconditional EU antitrust approval for its $6.8 billion acquisition of Mellanox Technologies

U.S. chipmaker Nvidia is set to win unconditional EU antitrust approval for its $6.8 billion acquisition of Mellanox Technologies, people familiar with the matter said on Wednesday.

Nvidia, known for its powerful gaming graphics chips, is looking to boost its data center and artificial intelligence business via the takeover, its biggest deal, helping it to better compete with rival Intel, reports Reuters.

The European Commission, which is scheduled to decide on the deal by Dec. 19, declined to comment. Nvidia and Mellanox also declined to comment.


U.S. authorities have already cleared the deal without conditions while approval is still pending in China where Mellanox has major customers such as Alibaba and Baidu.

Once known as a provider of gaming chips, Nvidia now also provides chips to speed up artificial intelligence tasks such as teaching servers to recognize images. Mellanox makes chips that connect those servers together inside the data center.

It beat Intel for Mellanox.


This article has been posted by a News Hour Correspondent. For queries, please contact through [email protected]
No Comments

Translate this News

Join the Facebook Group

Click here to join the Facebook group of News Hour

Popular Posts

Retail Franchise Brands: the context of 2020
Eiza Gonzalez accidentally show Josh Duhamel Naked video on Instagram
Boris Johnson is in self isolation after tests positive for COVID-19
Gonoshasthaya Kendra claims to develop cheaper and faster COVID-19 detection kit
Trump invokes defense powers to order GM to produce ventilators
Samsung opens first-ever flagship store in Dhaka


News of the Month

December 2019
« Nov   Jan »
Scroll Up
%d bloggers like this: