NVIDIA Completes Acquisition of Mellanox, Creating Major Force Driving Next-Gen Data Centers
27 Abril 2020 - 02:25AM
NVIDIA today announced the completion of its acquisition of
Mellanox Technologies, Ltd., for a transaction value of $7 billion.
The acquisition, initially announced on March 11,
2019, unites two of the world’s leading companies in high
performance and data center computing. Combining NVIDIA’s leading
computing expertise with Mellanox’s high-performance networking
technology, the move will enable customers to achieve higher
performance, greater utilization of computing resources and lower
operating costs.
“The expanding use of AI and data science is
reshaping computing and data center architectures,” said Jensen
Huang, founder and CEO of NVIDIA. “With Mellanox, the new NVIDIA
has end-to-end technologies from AI computing to networking,
full-stack offerings from processors to software, and significant
scale to advance next-generation data centers. Our combined
expertise, supported by a rich ecosystem of partners, will meet the
challenge of surging global demand for consumer internet services,
and the application of AI and accelerated data science from cloud
to edge to robotics.”
Eyal Waldman, founder and CEO of Mellanox, said:
“This is a powerful, complementary combination of cultures,
technology and ambitions. Our people are enormously enthusiastic
about the many opportunities ahead. As Mellanox steps into the next
exciting phase of its journey, we will continue to offer
cutting-edge solutions and innovative products to our customers and
partners. We look forward to bringing NVIDIA products and solutions
into our markets, and to bringing Mellanox products and solutions
into NVIDIA’s markets. Together, our technologies will provide
leading solutions into compute and storage platforms wherever they
are required.”
The acquisition is expected to be immediately
accretive to NVIDIA’s non-GAAP gross margin, non-GAAP EPS and free
cash flow, inclusive of incremental interest expense related to
NVIDIA’s recent issuance of $5 billion of notes.
For Mellanox ShareholdersFor more
information on how to obtain payment and important tax
considerations, Mellanox shareholders should refer to the FAQ on
NVIDIA’s investor relations website.
About NVIDIA NVIDIA‘s (NASDAQ:
NVDA) invention of the GPU in 1999 sparked the growth of the PC
gaming market, redefined modern computer graphics and
revolutionized parallel computing. More recently, GPU deep learning
ignited modern AI — the next era of computing — with the GPU acting
as the brain of computers, robots and self-driving cars that can
perceive and understand the world. More information at
http://nvidianews.nvidia.com/.
For further information, contact:Simona
JankowskiInvestor RelationsNVIDIA
Corporationsjankowski@nvidia.com |
Robert SherbinCorporate CommunicationsNVIDIA
Corporationrsherbin@nvidia.com |
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Certain statements in this press release including,
but not limited to, statements as to: expectations for the combined
NVIDIA‐Mellanox company, including the complementary nature and
compatibility of technology and workforces, bringing products and
solutions to markets, providing leading solutions, and expected
synergies; the expanding use of AI and data science and its impact;
the benefits and impact of the acquisition; expectations about
demand for our products; expectations about customer behavior;
Mellanox continuing to offer its solutions and products; and the
expected accretiveness to our non-GAAP gross margin, non-GAAP EPS
and free cash flow are forward‐looking statements that are subject
to risks and uncertainties that could cause results to be
materially different than expectations. Important factors that
could cause actual results to differ materially include: our
ability to successfully integrate Mellanox’s business, operate the
combined company and achieve the anticipated benefits of the
transaction; global economic conditions; our reliance on third
parties to manufacture, assemble, package and test our products;
the impact of technological development and competition;
development of new products and technologies or enhancements to our
existing product and technologies; market acceptance of our
products or our partners’ products; design, manufacturing or
software defects; changes in consumer preferences or demands;
changes in industry standards and interfaces; unexpected loss of
performance of our products or technologies when integrated into
systems; as well as other factors detailed from time to time in the
most recent reports NVIDIA files with the Securities and Exchange
Commission, or SEC, including, but not limited to, its annual
report on Form 10‐K and quarterly reports on Form 10‐Q. Copies of
reports filed with the SEC are posted on the company’s website and
are available from NVIDIA without charge. These forward‐looking
statements are not guarantees of future performance and speak only
as of the date hereof, and, except as required by law, NVIDIA
disclaims any obligation to update these forward‐looking statements
to reflect future events or circumstances. Investors are cautioned
that the company’s non-GAAP measures may be different from non-GAAP
measures used by other companies and that non-GAAP financial
measures are not meant to be considered in isolation or as a
substitute for NVIDIA’s financial results prepared in accordance
with GAAP. NVIDIA is not readily able to provide a reconciliation
of the projected non-GAAP financial information presented herein to
the relevant projected GAAP measures thereof without unreasonable
effort. The forecasted information related to the Mellanox
acquisition including purchase accounting, acquisition-related
intangibles subject to amortization, share-based compensation and
the associated tax impact of these items is not currently
available.
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