Share this on Twitter Share this on Facebook Share this on LinkedIn Share this on Sina Weibo Share this on Wechat Share this on LinkedIn The deal requires the approval of the Chinese regulator, the State Administration for Market Regulation. Credit: Martijn Boer, Flickr While the Covid-19 pandemic rages, China and the United States continue to spar warily over national security, technology and deal-making. In this fight, the canary in the coal mine is Nvidia’s pending $6.9 billion acquisition of Mellanox. Nvidia, a U.S. company, agreed to acquire Mellanox, an Israeli company with U.S. operations, 13 months ago. Both are in the semiconductor industry, making high-end chips to power supercomputers and much of the cryptocurrency industry. For Nvidia, facing slowing growth, this is a must-do deal which would allow it to further penetrate the supercomputing arena and build on Mellanox’s artificial intelligence business. For Jensen Huang, CEO of Nvidia, the $6.9 billion acquisition of Mellanox is a must-do deal. Credit: Nvidia, CC BY-SA 2.0 This is key technology in a world where China and the U.S. are setting up champions to further economic competition. And because Nvidia is a U.S. company, this is a deal that would further build the USubscribe or login to read the rest. Subscribers get full access to: Exclusive longform investigative journalism, Q&As, news and analysis, and data on Chinese business elites and corporations. We publish China scoops you won't find anywhere else. A weekly curated reading list on China from David Barboza, Pulitzer Prize-winning former Shanghai correspondent for The New York Times. A daily roundup of China finance, business and economics headlines. We offer discounts for groups, institutions and students. Go to our Subscriptions page for details.