Photo Credit: Mellanox.com
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.
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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.
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