NVIDIA not planning any more major acquisitions for now

Posted on Tuesday, March 26 2019 @ 14:24 CET by Thomas De Maesschalck
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At a Calcalist business conference in Tel Aviv, NVIDIA boss Jen-Hsun Huang stated that he doesn't envision more acquisitions after the Mellanox deal. Earlier this month, the GPU designer announced a $6.8 billion deal to buy datacenter chip technology maker Mellanox and now Huang intends to save money for a while.

Huang said Mellanox is a great acquisition, he admitted NVIDIA overpaid for the company, but pointed out that there was no other option:
“Everybody wanted it,” Huang said. When asked if he paid too much, he said: “Beyond imagination.”

“But the company has created amazing technology and has a great future,” he said.

“Our strategy is we would like to double down on data centers. The future of computing is heavily focused on data centers,” Huang said.
Mellanox develops chips that connect servers together inside a datacenter.


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Thomas De Maesschalck

Thomas has been messing with computer since early childhood and firmly believes the Internet is the best thing since sliced bread. Enjoys playing with new tech, is fascinated by science, and passionate about financial markets. When not behind a computer, he can be found with running shoes on or lifting heavy weights in the weight room.



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