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Technology Stocks : Mellanox Technologies, Ltd.
MLNX 124.890.0%Apr 27 4:00 PM EDT

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From: PaulAquino3/11/2019 2:12:14 PM
2 Recommendations

Recommended By
Jim Mullens
The Ox

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Mellanox goes to the market's hungriest player

Mellanox has in fact paired up with the hungriest and most agile player in the market, a step that will not only strengthen Nvidia's global standing, but could also strengthen the local semiconductors ecosystem by attracting investment and encouraging the founding of local startups in the field. The deal could thereby strengthen Israel's standing as one of the most important countries in this critical area. Nvidia's announcement states, "Once the combination is complete, Nvidia intends to continue investing in local excellence and talent in Israel, one of the world’s most important technology centers." Perhaps in the future an Israeli prime minister will yet stand on stage and complain, as happened in the case of the Google-Waze deal, that in retrospect $6.9 billion is a low sum for a deal like this, and Mellanox could have been sold for much more.

Published by Globes, Israel business news - en.globes.co.il - on March 11, 2019
en.globes.co.il


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