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Vice President of Corporate Marketing
For Immediate Release
SANTA CLARA, CA — March 10, 2000 — NVIDIA™ Corporation (Nasdaq: NVDA) announced that Microsoft® Corporation has selected NVIDIA to design and manufacture the 3D graphics and multimedia sub-system for Microsoft's highly anticipated X-Box game console. Microsoft officially announced X-Box today to an anxious audience at the Game Developer's Conference, being held this week in San Jose, California. The design win represents an important strategic step for NVIDIA. For the past three years, NVIDIA has dominated the performance 3D segment of the desktop PC market with its RIVA TNT™, TNT2™ and GeForce 256™ graphics processors. These graphics processors have become the development platform of choice for PC game development companies worldwide, and have won over 450 awards to date. NVIDIA has established many technical milestones in its 7-year history, and is now ready to have its team of seasoned experts help Microsoft advance the quality of the console games experience. NVIDIA will design a custom Graphics Processing Unit (GPU) and Multimedia and Communications Processor (MCP) chipset for the X-Box.
"The digital revolution is driving massive change in consumer electronics. At the epicenter of this revolution will be next-generation game consoles like X-Box – it is incredibly powerful, networked to the Internet, and will deliver breathtaking games. And as 3D is a key component of X-Box, NVIDIA will be launched onto the world stage as we work with Microsoft to transform the living room experience," said Jen Hsun Huang, president and CEO of NVIDIA. "Microsoft has the vast resources, experience in supporting developers, and great technology and tools to build this industry changing platform. We are thrilled to partner with Microsoft on the X-Box. This opportunity will catapult us into the game console games arena."
"Microsoft is committed to delivering great software for the home, and we are adapting our leading-edge technologies and bringing them to a new device – X-Box," said Robbie Bach vice president of the Microsoft Games Division "NVIDIA is a technology leader with a track record of flawless execution with the support of game developers all over the world."
The computing industry recognizes NVIDIA as the global leader in advanced graphics processing technology for mainstream platforms, awarding the company the most awards in the history of the PC industry. The unmatched breadth of the NVIDIA product family enables gripping multimedia experiences for the entire desktop computer market from workstations to internet-enabled appliances. In use by large corporations, small- to medium-sized businesses, and home-based consumers, NVIDIA products are the solutions of choice for the top PC OEMs, add-in card manufacturers, and system builders worldwide. NVIDIA graphics processors deliver superior performance and crisp visual quality for PC based applications such as manufacturing, science, e-business, entertainment, and education. For more information, please visit the company's Web site at http://www.nvidia.com.
Founded in 1975, Microsoft (Nasdaq: MSFT) is the worldwide leader in software for personal and business computing. The company offers a wide range of products and services designed to empower people through great software - any time, any place and on any device.
Certain statements in this press release, including the 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 "Factors Affecting Operating Results," for a fuller discussion of these and other risks and uncertainties.
Notes to Editors: The recommended way of writing GeForce 256 is with an uppercase G and F, all other letters lowercase with a space between GeForce and 256. The recommended way of writing Vanta is in title case. Please note that the recommended way of writing NVIDIA, RIVA 128, RIVA 128ZX, RIVA TNT and RIVA TNT2 is all CAPITALS.
NVIDIA, the NVIDIA logo, RIVA TNT, RIVA TNT2, NVIDIA Vanta, Quadro and GeForce are trademarks of NVIDIA Corporation. Other company and product names may be trademarks of the respective companies with which they are associated.