Nvidia gets China's approval to buy Mellanox

(Reuters) - Chipmaker Nvidia Corp said on Thursday it has received approval from Chinese authorities for its $6.9 billion proposed acquisition of Mellanox Technologies Ltd .Mellanox shares rose nearly 2% in afternoon trading, while Nvidia jumped about 4%.Nvidia, known for its powerful gaming graphics chips, wants to bolster its data center and artificial intelligence business through the takeover, its biggest deal, to better compete with rival Intel .U.S. and EU antitrust authorities have..