No plans for more acquisitions, says Nvidia
US chip supplier’s CEO, Jensen Huang, says he is satiated after acquiring Israeli chip designer Mellanox Technologies
Tel Aviv — US chip supplier Nvidia has no plans for further acquisitions for the time being after its nearly $7bn purchase of Israeli chip designer Mellanox Technologies, its CEO said on Tuesday. “I like to have money and so I am going to save money for a while,” Jensen Huang told a Calcalist business conference in Tel Aviv. “This is a great acquisition. I am not looking for another.” Nvidia earlier this month agreed to buy Mellanox for $6.8bn, beating rival Intel in a deal to help the firm boost its data centre and artificial intelligence (AI) business. “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. Nvidia, once known as a provider of gaming chips, now also provides chips to speed up AI tasks such as teaching servers to recognise images. Mellanox makes chips that connect those servers together inside the data centre. “Our strategy is we would like to ...
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