Intel has bid $5.5-$6 billion in cash and stock to buy Israel’s Mellanox Technologies, Israeli media reported on Wednesday.
A $6 billion offer would represent a 35 percent premium to the last closing price of Mellanox on Nasdaq.
Based in Yokneam, Israel, Mellanox makes chips and other hardware for data center servers that power cloud computing.
CNBC in October reported that Mellanox has hired a financial adviser to explore a sale after receiving takeover interest from at least two companies.
Israeli Finance Minister Moshe Kahlon on Monday said Intel plans to invest $11 billion to expand its manufacturing operations in southern Israel
