ISRAEL - Nvidia Buys Israeli Chipmaker Mellanox for $7 Billion

Arno Froese

Yokne’am-based Mellanox, founded in 1999 and listed on the Nasdaq Stock Market, supplies end-to-end interconnect solutions and services for many of the world’s largest data center servers and storage systems.

“Our people are enormously enthusiastic about the many opportunities ahead,” said Mellanox founder and CEO Eyal Waldman.

“As Mellanox steps into the next exciting phase of its journey, we will continue to offer cutting-edge solutions and innovative products to our customers and partners. We look forward to bringing Nvidia products and solutions into our markets, and to bringing Mellanox products and solutions into Nvidia’s markets.”

The $7b. price tag represents the third largest “exit” of an Israeli company to date, only surpassed by Intel’s $15.3b. acquisition of Mobileye and International Flavors & Fragrances’ $7.1b. acquisition of Frutarom.

-www.jpost.com, 27 April 2020

Arno's commentary

Jensen Huang is listed by Wikipedia as co-founder, president, and CEO of Nvidia Corporation. The Taiwanese-born billionaire completes the purchase for the Israeli chipmaker Mellanox at the price of $7 billion, thus outbidding other interested companies such as Intel, Xilinx, and Microsoft. 

Mellanox Technology Ltd. was founded in 1999 in Yokne’am, Israel. It presently employs over 2,900 people.

This is almost not newsworthy, because it happens repeatedly: foreign firms are interested in Israeli technology, and end up buying the entire firm. One would think that Israel would do everything in its power not to sell high-tech companies to foreigners, but that apparently does not bother Israelis. When one company of great achievement is sold, another dozen or so grow up like mushrooms in the land of Israel. 

This is an important development, because Israel must take up its leading position in the world in order to pre-fulfill what was written more than 2,500 years ago in Zechariah 8:23: “Thus saith the Lord of hosts; In those days it shall come to pass, that ten men shall take hold out of all languages of the nations, even shall take hold of the skirt of him that is a Jew, saying, We will go with you: for we have heard that God is with you.”

Arno Froese is the executive director of Midnight Call Ministries and editor-in-chief of the acclaimed prophetic magazines Midnight Call and News From Israel. He has authored a number of well-received books, and has sponsored many prophecy conferences in the U.S., Canada, and Israel. His extensive travels have contributed to his keen insight into Bible prophecy, as he sees it from an international perspective.

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