M&A Deal Summary

NVIDIA Acquires The Portland Group

On July 29, 2013, NVIDIA acquired technology hardware company The Portland Group from STMicroelectronics

Acquisition Highlights
  • This is NVIDIA’s 4th transaction in the Technology Hardware sector.
  • This is NVIDIA’s 7th transaction in the United States.
  • This is NVIDIA’s 1st transaction in Oregon.

M&A Deal Summary
Date 2013-07-29
Target The Portland Group
Sector Technology Hardware
Buyer(s) NVIDIA
Sellers(s) STMicroelectronics
Deal Type Divestiture

Target

The Portland Group

Lake Oswego, Oregon, United States
The Portland Group (a.k.a. PGI) is a premier supplier of software compilers and tools for parallel computing, known as PGI® products. The Portland Group offers optimizing parallel FORTRAN 2003, C99 and C++ compilers and tools for workstations, servers and clusters running Linux, MacOS or Windows operating systems based on the microprocessors

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Buyer(S) 1

Buyer

NVIDIA

Santa Clara, California, United States
Category Company
Founded 1993
Sector Semiconductors
Employees22,473
Revenue 61.0B USD (2024)
DESCRIPTION
NVIDIA's corporate headquarters in Santa Clara, California.
NVIDIA's corporate headquarters in Santa Clara, California.

NVIDIA develops and supplies graphical chips and processors to original equipment manufacturers. NVIDIA-branded products and services are used within the gaming, enterprise, computing, and automotive markets. NVIDIA was formed in 1993 and is based in Santa Clara, California.

DEAL STATS #
Overall 11 of 16
Sector (Technology Hardware) 4 of 4
Type (Divestiture) 1 of 1
State (Oregon) 1 of 1
Country (United States) 7 of 11
Year (2013) 1 of 1
PREVIOUS DEAL
DATE TARGET DEAL TYPE VALUE
2011-06-13 Icera

Bristol, United Kingdom

Icera is an innovator of top-performing baseband processors for 3G and 4G cellular phones and tablets. Icera has more than 550 patents granted or pending worldwide, and its high speed wireless-modem products have been approved by more than 50 carriers across the globe.

Buy $367M
FOLLOWING DEAL
DATE TARGET DEAL TYPE VALUE
2019-03-11 Mellanox

Santa Clara, California, United States

Mellanox is a fabless semiconductor company that designs, manufactures, and sells high-performance interconnect products and solutions. Mellanox was formed in 1999 and is headquartered in Santa Clara, California.

Buy $6.9B

Seller(S) 1

SELLER

STMicroelectronics

Geneva, Switzerland
Category Company
Founded 1987
Sector Semiconductors
Employees51,323
Revenue 17.3B USD (2023)
DESCRIPTION

STMicroelectronics is a semiconductor provider delivering intelligent and energy-efficient products and solutions that power the electronics at the heart of everyday life. STMicroelectronics was founded in 1987 and is based in Geneva, Switzerland.

DEAL STATS #
Overall 1 of 1
Sector (Technology Hardware) 1 of 1
Type (Divestiture) 1 of 1
State (Oregon) 1 of 1
Country (United States) 1 of 1
Year (2013) 1 of 1
PREVIOUS DEAL
DATE TARGET DEAL TYPE VALUE
2012-08-05 bTendo

Kfar Saba, Israel

bTendo, as it aims to increase the popularity of consumer electronics with integrated projectors.

Buy -
FOLLOWING DEAL
DATE TARGET DEAL TYPE VALUE
2014-12-28 Semiconductor Business - Arkados

United States

Semiconductor Business of Arkados.

Buy $11M
Mergr

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