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Israel’s Second Largest Exit

The Mellanox deal with Nvidia for approx. $6.9bn was finalised on Monday, making it the biggest exit of an Israeli company behind Mobileye.

Founded in 1999 by Eyal Waldman, Mellanox makes high-speed servers and storage switching solutions. US gaming and computer graphics giant Nvidia Corp. will acquire Israeli chip maker Mellanox Technologies Ltd. The move will help the US firm speed up the flow of information to and from data centres and boost its profit and cash flow.

This acquisition came after months of competition from Intel to acquire the Israeli outfit.

https://www.cnbc.com/2019/03/11/nvidia-to-acquire-mellanox-technologies-for-about-7-billion-in-cash.html