Exclusive: Amd to gain unconditional EU accounted for $6.8 billion Mellanox to buy – resources

FILE PHOTO: The logo of Nvidia Corporation, it is to be seen at this year’s annual Computex computer show in Taipei, Taiwan, May 30, 2017. REUTERS/Tyrone Siu

BRUSSELS (Reuters) – U.S. chipmaker Nvidia is set to win unconditional EU antitrust approval for its $6.8 billion acquisition of Mellanox Technologies (MLNX.Oh, people familiar with the matter said on Wednesday.

Nvidia, known for its powerful gaming, graphics chips, is looking to boost its data center and the use of artificial intelligence in business by means of the acquisition is the largest deal, which will help it to better compete with rival Intel .

The European Commission is scheduled to decide on the deal by Dec. 19, declined to comment. Nvidia and Mellanox, also declined to comment.

The US authorities have already cleared the deal without conditions, while the approval is still under consideration in China, where the Mellanox has large customers, such as Alibaba and Baidu .

Once known as a supplier of the chips, Nvidia is now offering potato chips to speed up the artificial intelligence tasks, such as the teaching of the servers that the images are recognized. Mellanox makes chips that connect to the servers in the data center.

To beat Intel, for Mellanox.

Reporting by Foo Yun Chee, additional reporting by Stephen Nellis in San Francisco; Editing by Chizu Nomiyama and William Maclean

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