Nvidia gets China’s go-ahead for $6.9 billion deal for Israeli chipmaker Mellanox – Israel News

U.S. chip supplier Nvidia Corp said on Thursday Chinese authorities had approved its $6.9 billion acquisition of Israeli chip designer Mellanox Technologies Ltd, overcoming the last obstacle for the deal announced over a year earlier.

Mellanox shares rose nearly 2% in afternoon trading, while Nvidia jumped about 4%.

Many acquisitions between U.S. and international companies with significant operations in China have faced challenges in securing approval from the country’s regulator due to a bitter trade war between the two largest economies of the world that started in January, 2018.

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