NVIDIA Opens New Design Center in India
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FOR IMMEDIATE RELEASE:
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 center 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 center will be modeled on existing NVIDIA’s design centers, with a state-of-the-art facility and data center 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.
Certain statements in this press release including, but not limited to, expansion in the Asia-Pacific region, India's strategic importance, the features and characteristics of the NVIDIA design center, expansion into new product areas, and NVIDIA plans as to investment in research and development 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, difficulties associated with opening new offices, including new offices in a foreign country, unexpected expenditures, difficulties in hiring qualified personnel, reliance on third-party manufacturers, general industry trends including cyclical trends in the semiconductor industry, the impact of technological development and competition, the impact of competitive products and pricing alternatives, international tensions, and other risks detailed from time to time in the NVIDIA reports filed with the Securities and Exchange Commission including its Form 10-Q for the quarter ended October 24, 2004. These forward-looking statements speak only as of the date hereof. NVIDIA disclaims any obligation to update these forward-looking statements.
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