Nvidia has reportedly paid out more than $900 million to hire the CEO of AI networking hardware company, Enfabrica. Rochan Sankar and a number of his colleagues at Enfabrica will become Nvidia staff members as part of the deal, and Nvidia will get the option to license the company's hardware, according to CNBC.
The deal will reportedly involve cash and stock options, and comes just two years after Nvidia invested part of a $125 million fund into Enfabrica. However, while the company was valued in the high hundreds of millions, paying close to a billion dollars for a handful of staff and a license would potentially value the company much higher. Clearly, Enfabrica has talent and technology that Nvidia feels is crucial to its ongoing development. An Nvidia spokesperson declined to comment on the report.
