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According to anonymous sources speaking to newswire service Reuters, Mellanox has been offered a deal in excess of $7 billion in cash (around £5.4 billion) from Nvidia - which, if accurate, would represent the largest acquisition in the company's history. If you recall Tilera and its manycore product designs, Mellanox (and now Nvidia) are where that IP ended up.

A spokesman for Mellanox declined to comment.

As artificial intelligence workloads become the norm, Nvidia with Mellanox be more an architecture play.

Nvidia put an end to the question of Mellanox's fate when the chipmaker announced that it would acquire the company for $6.9 billion.

"But going out and buying an asset right now, immediately after the recent spate of guide downs may raise a few eyebrows", said Rasgon.

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This high-profile interest is hardly surprising; Mellanox is renowned for its high-performance computing and networking tech and makes adapters, switches, and chips for InfiniBand and Ethernet network devices that are used in more than half of the world's publicly-listed fastest computers. Eyal Waldman, founder and CEO of Mellanox, said: "We share the same vision for accelerated computing as NVIDIA". In January, the company posted disappointing results for the fourth quarter of 2018, chalking up $2.2 billion in revenue, which was far short of the $2.7 billion it had previously forecast.

It will reportedly help NVIDIA better compete in the server market, which accounts for about a third of its sales. It could, however, face some regulatory hurdles in China, where Mellanox has major customers such as Alibaba and Baidu.

The acquisition is also a win for the New York-based activist investor Starboard Value LP, which owns a 5.8 percent stake in Mellanox and had reached a deal with it a year ago over the composition of its board.

'We're excited to unite Nvidia's accelerated computing platform with Mellanox's world-renowned accelerated networking platform under one roof to create next-generation data centre-scale computing solutions.


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