Photo Credit: Mellanox.com
Mellanox Technologies

U.S. chipmaker Intel Corp has offered between $5.5 billion and $6 billion in cash and stock to acquire Israel’s Mellanox Technologies.

A $6 billion bid would be a 35 percent premium of Tuesday’s closing price of Mellanox on the Nasdaq, according to the financial news website Calcalist.

Advertisement




Founded in 1999, Mellanox manufactures hardware for data centers that operate cloud computing.

This development comes as Intel announced this week an $11 billion investment over the next half-decade on a new semiconductor fabrication plant in Israel.


Share this article on WhatsApp:
Advertisement

SHARE
Previous articleAppreciation: A High School Reunion
Next articleRalph Bunche’s Role In Jewish History
www.JNS.org is an independent, non-profit business resource and wire service covering Jewish news and Israel news for Jewish media throughout the English-speaking world.