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Company Named “Favorite Fabless Pick” By Morgan Stanley’s Mark Edelstone; CEO Jen-Hsun Huang Presented with Morris Chang Exemplary Leadership Award
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FOR IMMEDIATE RELEASE:
SANTA CLARA, CA—DECEMBER 13, 2004—NVIDIA Corporation (Nasdaq: NVDA), a worldwide leader in graphics and digital media processors, today announced that the Fabless Semiconductor Association (FSA) presented the Company with two significant industry recognitions during the tenth annual FSA Awards Dinner Celebration on Thursday, December 9, 2004 in Santa Clara, Calif. The awards include:
Favorite Fabless Pick: NVIDIA was selected for this award by Mark Edelstone of Morgan Stanley, who based his decision on historical as well as projected data, such as stock price, earnings per share, revenue forecasts and product performance.
“NVIDIA has had a great year, giving the industry a strong lineup of product offerings and engaging with tier-one partners. This is why the company has been selected as the Favorite Fabless Pick by Morgan Stanley,” said Jodi Shelton, co-founder and executive director of the FSA. “We look forward to seeing new innovative ideas that NVIDIA will bring to the industry in 2005.”
Dr. Morris Chang Exemplary Leadership Award Honoring Jen-Hsun Huang, CEO, President, and Co-Founder of NVIDIA: This award recognizes individuals, such as its namesake, Dr. Morris Chang, for their outstanding achievements and unique contributions to the fabless sector.
“Jen-Hsun Huang is a talented and committed leader who has proven that a company can be built and succeed using the fabless business model,” stated Shelton. “His dedication, not only to the industry, but to the company he loves and the people he works with, has led NVIDIA to become one of the leading semiconductor power houses in the world. We congratulate Jen-Hsun and salute him for his vision and accomplishments.”
About the Fabless Semiconductor Association
The FSA is the voice of the global fabless business model. Incorporated in 1994, the Association positively impacts the growth and return on invested capital of this business model to enhance the environment for innovation. The FSA provides a platform for meaningful global collaboration between fabless companies and their partners; provides members with timely research and resources; and identifies, debates, and discusses business and technical issues. FSA members include fabless companies and their supply chain and service partners and represent more than 21 countries spanning North America, Asia-Pacific, Europe and the Middle East. www.fsa.org
NVIDIA Corporation is a worldwide leader in graphics and digital media processors. The Company’s products enhance the end-user experience on consumer and professional computing devices. NVIDIA graphics processing units (GPUs), media and communications processors (MCPs), and wireless media processors (WMPs) have broad market reach and are incorporated into a variety of platforms, including consumer and enterprise PCs, notebooks, workstations, PDAs, mobile phones, 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.com.
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