Deals
Nvidia’s Mellanox Deal Won China OK in Face of Rival Opposition
- Company won’t give its chips special access to Mellanox tech
- Competitors ‘hated’ Nvidia’s acquisition, CEO Huang says
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Nvidia Corp. won approval for its Mellanox Technologies Ltd. deal from China and other regulators in the face of fierce opposition from competitors, Chief Executive Officer Jensen Huang said.
Rivals that also tried to buy the Israeli chipmaker “hated the transaction,” Nvidia’s founder added in an interview after the deal closed on Monday. He didn’t mention specific companies, but Intel Corp., Advanced Micro Devices Inc. and a growing number of startups are pursuing similar opportunities.