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Nvidia to acquire Mellanox for $6.9 billion

Computer hardware company Nvidia announced Monday it will acquire Mellanox for $6.9 billion to help grow its chip-making for data centers.

Why it matters: The acquisition marks Nvidia biggest acquisition to date and reportedly tops a bid from rival Intel. Mellanox’s chips power high-speed networks that connect servers. The acquisition would allow Nvidia to wean off its reliance on the video game industry.