“There’s no way we’d not continue to invest”
Jensen Huang, the CEO of NVIDIA, has pledged to keep “every single employee” of Israel’s Mellanox following a $6.9 billion acquisition of the network hardware specialist.
Earlier this month it was confirmed that NVIDIA would purchase sought-after Mellanox for $6.9 billion, equating to $125/share in a deal.
Moving to allay fears that they will be job losses following the purchase, amid concern that there was overlap in some areas between the two companies, Huang said in Israel today: “There will be absolutely no layoffs.
We’ll keep every single employee.”
According to a recent Mellanox investor relations overview [PDF] the company currently has roughly 2,500 employees (NVIDIA states 3000).