NVIDIA has completed its acquisition of Mellanox Technologies in a US$7-billion transaction initially announced on March 11, 2019.
Combining NVIDIA’s date centre computing expertise with Mellanox’s high-performance networking technology, the move will enable customers to achieve higher performance, greater utilisation of computing resources and lower operating costs.
“The expanding use of AI and data science is reshaping computing and data centre architectures,” said Jensen Huang, founder and CEO of NVIDIA.
“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 centres,” said Huang. “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.”
Eyal Waldman, founder and CEO of Mellanox, described the deal as a powerful, complementary combination of cultures, technology and ambitions.
“We look forward to bringing NVIDIA products and solutions into our markets, and to bringing Mellanox products and solutions into NVIDIA’s markets,” said Waldman. “Together, our technologies will provide leading solutions into compute and storage platforms wherever they are required.”
The acquisition is expected to be immediately accretive to NVIDIA’s non-GAAP gross margin, non-GAAP EPS and free cash flow, inclusive of incremental interest expense related to NVIDIA’s recent issuance of $5 billion of notes.
