NVIDIA's US $6.9 billion acquisition of mellanox was approved by China

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      Nvidia (NVDA.O), the US chipmaker, said on Thursday that its US $6 billion 900 million acquisition of Mellanox Technologies Ltd (MLNX.O), an Israeli chip designer, had been approved by China and that the deal announced more than a year ago had overcome the last hurdle.
Mellanox rose 1.8% to $124.64 on Thursday, while NVIDIA rose 4.9% to $294.7.
In the case of acquisition of American and international enterprises, if one of the involved parties has a large business in China, it must be approved by the Chinese regulatory authorities. However, the fierce trade war between the United States and China since January 2018 has challenged the approval of the Chinese regulatory authorities.
NVIDIA, known for its game graphics chips, hopes to enhance its data center and artificial intelligence business through the acquisition of mellanox, which is also the largest acquisition in the company's history.
The US and EU antitrust authorities have previously approved the deal, which is expected to be closed by April 27, 2020.


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