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.
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.
You have read 3 articles this month.
Register to receive full access to JNS.
Already registered? Log in for full access
Just before you scroll on...
Israel is at war. JNS is combating the stream of misinformation on Israel with real, honest and factual reporting. In order to deliver this in-depth, unbiased coverage of Israel and the Jewish world, we rely on readers like you. The support you provide allows our journalists to deliver the truth, free from bias and hidden agendas. Can we count on your support? Every contribution, big or small, helps JNS.org remain a trusted source of news you can rely on.
Topics
