U.S. chip supplier Nvidia Corp has no plans for further acquisitions for the tim...
TEL AVIV - U.S. chip supplier Nvidia Corp has no plans for further acquisitions for the time being after its nearly $7 billion purchase of Israeli chip designer Mellanox Technologies, its chief executive 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, once known as a provider of gaming chips, now also provides chips to speed up AI tasks such as teaching servers to recognize images. Mellanox makes chips that connect those servers together inside the data center.
Nvidia gets about a quarter of its revenue from data centers, with the $2.9 billion in sales in 2018 from the segment growing 52 percent year over year.
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