Source: Nvidia has outbid Intel for Mellanox and could announce a deal to acquire the Israeli chip maker for $7B+ in cash as early as Monday (Liana B. Baker/Reuters)

Liana B. Baker / Reuters:
Source: Nvidia has outbid Intel for Mellanox and could announce a deal to acquire the Israeli chip maker for $7B+ in cash as early as Monday  —  NEW YORK (Reuters) - Chipmaker Nvidia Corp is nearing a deal to acquire peer Mellanox Technologies Ltd for more than $7 billion in cash, a person familiar with the matter said on Sunday.