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Primeur weekly 2019-03-11

Focus

Interview with EuroHPC JU interim executive director Gustav Kalbe ...

Quantum computing

9,1 million euro for trinational quantum research ...

IBM achieves highest quantum volume to date and establishes roadmap for reaching quantum advantage ...

Microsoft Quantum Team is announcing the Microsoft Quantum Network ...

Los Alamos National Laboratory upgrades to D-Wave 2000Q quantum computer ...

New hurdle cleared in race toward quantum computing ...

Focus on Europe

Hyperion Research invites submissions for HPC Innovation Excellence Awards ...

Optalysys launches world's first commercial optical processing system, the FT:X 2000 ...

SDSC's Research Data Services to host first U.S. GO FAIR Office ...

Intel to support the Irish Centre for High End Computing on new collaborative quantum computing project ...

New simulation methods to visualise quantum effects in superfluid fermions ...

Middleware

International team to organize 2019 survey of MPI usages ...

Energy Laboratory chooses Qumulo's file storage for its computational science centre ...

Hardware

Mellanox showcases live system demonstrations of LinkX 200G & 400G cables and transceivers at OFC 2019 ...

Alan D. George named Interim Director of the Pittsburgh Supercomputing Center ...

ScaleMP and AMD announce strategic collaboration for scale-up EPYC servers ...

NVIDIA to acquire Mellanox for $6,9 billion ...

Air Force Research Laboratory introduces new sharable supercomputing capability for classified research ...

Applications

High CO2 levels can destabilize marine layer clouds ...

Using supercomputers to checkmate cancer ...

Revealing the role of neutron stars in gravitational wave discoveries ...

UC San Diego scientists computationally model chemical realities of water ...

TACC assists in massive data collection effort in lung development to help premature babies ...

New AI tool revolutionizes process for matching cancer patients with clinical trials ...

Raph Hix models the inner workings of supernovae on the world’s most powerful supercomputers ...

EPFL researchers simulate the process of adhesive wear ...

The Cloud

Oracle participates in National Science Foundation Cloud for scientific research project ...

NVIDIA to acquire Mellanox for $6,9 billion


11 Mar 2019 Santa Clara - NVIDIA and Mellanox have reached a definitive agreement under which NVIDIA will acquire Mellanox. Pursuant to the agreement, NVIDIA will acquire all of the issued and outstanding common shares of Mellanox for $125 per share in cash, representing a total enterprise value of approximately $6,9 billion. Once complete, the combination is expected to be immediately accretive to NVIDIA's non-GAAP gross margin, non-GAAP earnings per share and free cash flow.

The acquisition will unite two of the world's leading companies in high performance computing (HPC). Together, NVIDIA's computing platform and Mellanox's interconnects power over 250 of the world's TOP500 supercomputers and have as customers every major Cloud service provider and computer maker.

The data and compute intensity of modern workloads in AI, scientific computing and data analytics is growing exponentially and has put enormous performance demands on hyperscale and enterprise data centres. While computing demand is surging, CPU performance advances are slowing as Moore's law has ended. This has led to the adoption of accelerated computing with NVIDIA GPUs and Mellanox's intelligent networking solutions.

Data centres in the future will be architected as giant compute engines with tens of thousands of compute nodes, designed holistically with their interconnects for optimal performance.

An early innovator in high-performance interconnect technology, Mellanox pioneered the InfiniBand interconnect technology, which along with its high-speed Ethernet products is now used in over half of the world's fastest supercomputers and in many leading hyperscale data centres.

With Mellanox, NVIDIA will optimize datacentre-scale workloads across the entire computing, networking and storage stack to achieve higher performance, greater utilization and lower operating cost for customers.

"The emergence of AI and data science, as well as billions of simultaneous computer users, is fueling skyrocketing demand on the world's data centres", stated Jensen Huang, founder and CEO of NVIDIA. "Addressing this demand will require holistic architectures that connect vast numbers of fast computing nodes over intelligent networking fabrics to form a giant data centre-scale compute engine."

"We're excited to unite NVIDIA's accelerated computing platform with Mellanox's world-renowned accelerated networking platform under one roof to create next-generation data centre-scale computing solutions. I am particularly thrilled to work closely with the visionary leaders of Mellanox and their amazing people to invent the computers of tomorrow."

"We share the same vision for accelerated computing as NVIDIA", stated Eyal Waldman, founder and CEO of Mellanox. "Combining our two companies comes as a natural extension of our longstanding partnership and is a great fit given our common performance-driven cultures. This combination will foster the creation of powerful technology and fantastic opportunities for our people."

The companies have a long history of collaboration and joint innovation, reflected in their recent contributions in building the world's two fastest supercomputers, Sierra and Summit, operated by the U.S. Department of Energy. Many of the world's top Cloud service providers also use both NVIDIA GPUs and Mellanox interconnects. NVIDIA and Mellanox share a common performance-centric culture that will enable seamless integration.

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 centres. Customer sales and support will not change as a result of this transaction.

Post close, the transaction is expected to be immediately accretive to NVIDIA's non-GAAP gross margin, non-GAAP earnings per share and free cash flow. NVIDIA intends to fund the acquisition through cash on its balance sheet. In addition, there is no change to its previously announced capital return programme for the rest of fiscal 2020. The transaction has been approved by both companies' boards of directors and is expected to close by the end of calendar year 2019, subject to regulatory approvals as well as other customary closing conditions, including the approval by Mellanox shareholders of the merger agreement.

Goldman Sachs & Co. LLC served as exclusive financial advisor to NVIDIA and Jones Day served as legal advisor. Credit Suisse Group and J.P. Morgan Chase & Co. served as financial advisors to Mellanox and Latham & Watkins, LLP and Herzog Fox & Neeman served as legal advisors.
Source: NVIDIA

Back to Table of contents

Primeur weekly 2019-03-11

Focus

Interview with EuroHPC JU interim executive director Gustav Kalbe ...

Quantum computing

9,1 million euro for trinational quantum research ...

IBM achieves highest quantum volume to date and establishes roadmap for reaching quantum advantage ...

Microsoft Quantum Team is announcing the Microsoft Quantum Network ...

Los Alamos National Laboratory upgrades to D-Wave 2000Q quantum computer ...

New hurdle cleared in race toward quantum computing ...

Focus on Europe

Hyperion Research invites submissions for HPC Innovation Excellence Awards ...

Optalysys launches world's first commercial optical processing system, the FT:X 2000 ...

SDSC's Research Data Services to host first U.S. GO FAIR Office ...

Intel to support the Irish Centre for High End Computing on new collaborative quantum computing project ...

New simulation methods to visualise quantum effects in superfluid fermions ...

Middleware

International team to organize 2019 survey of MPI usages ...

Energy Laboratory chooses Qumulo's file storage for its computational science centre ...

Hardware

Mellanox showcases live system demonstrations of LinkX 200G & 400G cables and transceivers at OFC 2019 ...

Alan D. George named Interim Director of the Pittsburgh Supercomputing Center ...

ScaleMP and AMD announce strategic collaboration for scale-up EPYC servers ...

NVIDIA to acquire Mellanox for $6,9 billion ...

Air Force Research Laboratory introduces new sharable supercomputing capability for classified research ...

Applications

High CO2 levels can destabilize marine layer clouds ...

Using supercomputers to checkmate cancer ...

Revealing the role of neutron stars in gravitational wave discoveries ...

UC San Diego scientists computationally model chemical realities of water ...

TACC assists in massive data collection effort in lung development to help premature babies ...

New AI tool revolutionizes process for matching cancer patients with clinical trials ...

Raph Hix models the inner workings of supernovae on the world’s most powerful supercomputers ...

EPFL researchers simulate the process of adhesive wear ...

The Cloud

Oracle participates in National Science Foundation Cloud for scientific research project ...