The $7 billion acquisition took more than 13 months to complete since it was first announced in the first quarter of 2019 amidst a trade war between economic powerhouses U.S. and China. Mellanox, an Israel-based supplier for high-performance network computing, counts China's Alibaba and Baidu as major customers.
Nvidia is seeking to boost its data center and artificial intelligence business with Mellanox in efforts to compete with"We're combining the leaders of AI computing and high speed networking and data processing into one company and, so, this is really quite extraordinary," said Huang, who has led the company for nearly three decades.
"With that, hopefully we could, you know, accelerate the innovation and create amazing things for data centers going forward," he said.
Good to be part of a homerun deal on jimcramer … I'd say a Grand Slam even. For a while I thought I was going to be stranded on 3rd. Good to make it home!
KimJohnsonWCCO a clue kim research who owns Nvidia.
AOL Time Warner?