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Actionable news in MLNX: Mellanox Technologies, Ltd.,

EZchip gets 30 days to seek higher buyout offer than Mellanox's

Israeli chip designer Mellanox Technologies Ltd has given its acquisition target EZchip Semiconductor Ltd, a network communications chip maker, 30 days to seek a higher offer.

Mellanox had agreed in September to buy EZchip for $811 million with the aim of expanding its product portfolio for high-performance computing.

The global semiconductor industry has seen a wave of consolidation as...