On January 30, according to media reports, Intel Corporation has proposed to acquire Israeli company Mellanox Technologies for $5.5 billion to $6 billion in cash and stock. According to the report, Intel’s $6 billion offer is a 35% premium to Mellanox’s closing price on the Nasdaq’s previous trading day.
Mellanox Technologies was founded in 1999 and is headquartered in Santa Clara, California, and Yokneam, Israel. Mellanox is a leading provider of end-to-end connectivity solutions for servers and storage. Mellanox has been committed to the development of InfiniBand and Ethernet interconnect products. The company has always insisted on continuous innovation to provide customers with high bandwidth, low latency, scalability, energy saving and cost advantages. At the end of 2010, Mellanox completed the acquisition of the famous Infiniband switch manufacturer Voltaire, which enabled Mellanox to acquire more comprehensive capabilities in the HPC, cloud computing, data center, enterprise computing and storage markets.
As of now, Intel and Mellanox have not commented on this acquisition.