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FOR IMMEDIATE RELEASE
NVIDIA Opens New Design Centre in India
BANGALORE, INDIA—FEBRUARY 21, 2005—NVIDIA Corporation (Nasdaq: NVDA), a worldwide leader in graphics and digital media processors, today announced the opening of a new design centre in Bangalore, India, continuing NVIDIA’s expansion in the Asia-Pacific region.
“India is an exciting market and well-positioned for phenomenal growth,” said Jen Hsun-Huang, president and CEO, NVIDIA Corporation. “We know from experience that India is home to some of the world’s brightest engineers, as many of our top employees today are originally from there. India is strategic to NVIDIA and we are delighted to become a member of the Bangalore community.”
The Bangalore design centre will be modeled on existing NVIDIA’s design centres, with a state-of-the-art facility and data centre allowing top-to-bottom design of advanced graphics and digital media processors for a wide range of platforms.
Since its founding, NVIDIA has invested over $1billion into R&D. As it expands into new product areas, including wireless media processors for mobile phones, the Company intends to continue its R&D investment on a worldwide basis.
NVIDIA Corporation is a market leader in visual computing technology dedicated to creating products that enhance the interactive experience on consumer and professional computing platforms. Its graphics and communications processors have broad market reach and are incorporated into a wide variety of computing platforms, including consumer digital-media PCs, enterprise PCs, professional workstations, digital content creation systems, notebook PCs, military navigation systems and video game consoles. NVIDIA is headquartered in Santa Clara, California and employs more than 2,000 people worldwide. For more information, visit the Company’s Web site at www.nvidia.co.in.
Certain statements in this press release, including any statements relating to the Company's performance expectations for NVIDIA's family of products and expectations of continued revenue growth, are forward-looking statements that are subject to risks and uncertainties that could cause results to be materially different than expectations. Such risks and uncertainties include, but are not limited to, manufacturing and other delays relating to new products, difficulties in the fabrication process and dependence of the Company on third-party manufacturers, general industry trends including cyclical trends in the PC and semiconductor industries, the impact of competitive products and pricing alternatives, market acceptance of the Company's new products and the Company's dependence on third-party developers and publishers. Investors are advised to read the Company's Annual Report on Form 10-K and quarterly reports on Form 10-Q filed with the Securities and Exchange Commission, particularly those sections entitled "Certain Business Risks," for a fuller discussion of these and other risks and uncertainties.
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