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
With his recent actions against Jack Ma and with measures to increase control of private firms, Xi Jinping has alarmed the corporate world. But the extraordinary life of Rong Yiren shows how the Communist Party has always sought to harness business for political ends.
We use cookies to ensure that we give you the best experience on our website. If you continue to use this site we will assume that you are happy with it.OkPrivacy policy