A PYMNTS Company

Nvidia Gets China’s OK For $6.9B Chip Deal

By  |  April 19, 2020

US chip supplier Nvidia announced on Thursday, April 16, Chinese authorities had approved its US$6.9 billion acquisition of Israeli chip designer Mellanox Technologies, overcoming the last obstacle for the deal announced over a year earlier.

    Get the Full Story

    Complete the form to unlock this article and enjoy unlimited free access to all PYMNTS content — no additional logins required.

    yesSubscribe to our daily newsletter, PYMNTS Today.

    By completing this form, you agree to receive marketing communications from PYMNTS and to the sharing of your information with our sponsor, if applicable, in accordance with our Privacy Policy and Terms and Conditions.

    Many acquisitions between US and international companies with significant operations in China have faced challenges in securing approval from the country’s regulator due to a bitter trade war between the two largest economies of the world that started in January, 2018.

    Two years ago, US chipmaker Qualcomm had to walk away from a US$44 billion deal to buy NXP Semiconductors after failing to secure Chinese regulatory approval.

    Nvidia, known for its powerful gaming graphics chips, wants to bolster its data center and artificial intelligence business through the Mellanox takeover, its biggest deal, to better compete with rival Intel.

    US and EU antitrust authorities have already given their approval for the deal, which is expected to close before April 27, 2020.

    Full Content: Yahoo

    Want more news? Subscribe to CPI’s free daily newsletter for more headlines and updates on antitrust developments around the world.