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Company's Success Exemplified by Three Prestigious Industry Awards
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FOR IMMEDIATE RELEASE:
SANTA CLARA, CA - DECEMBER 10, 2001 - In recognition of its increasing momentum in 2001, NVIDIA® Corporation (Nasdaq: NVDA), a publicly held fabless company focusing on advanced graphics and multimedia processing technologies, was honored by the Fabless Semiconductor Association (FSA) for its outstanding accomplishments made during the year. NVIDIA was voted by the FSA and its members as the Most Respected Public Fabless Company and also earned the distinction of the Best Financially Managed Company. In addition, the FSA honored the Company for its achievement as the fastest U.S.-based semiconductor company to hit $1 billion in revenues. The seventh annual award gala and dinner celebration was held December 6th at the Santa Clara Convention Center.
"2001 was a landmark year for NVIDIA," stated Jen-Hsun Huang, president and CEO at NVIDIA. "These awards highlight our achievements - which were all made possible by the hard-work and dedication of our employees."
The awards were determined from the results of a questionnaire sent to the fabless semiconductor community and industry and financial analysts. The Best Financially Managed Company was determined by the FSA and financial analysts who evaluate the health of public fabless semiconductor companies traded on the U.S. Exchanges by comparing financial indices such as return on investment, return on equity, inventory turns, days sales outstanding, cash per share, sales per employee and current ration. For the Most Respected Public Fabless Company award, the fabless community and semiconductor financial and industry analysts and suppliers are asked to select one public fabless company they most respect in terms of product, vision, strategy and future opportunities. NVIDIA was also recognized for becoming the fastest semiconductor company to hit $1 billion in revenues - a feat accomplished in 33 quarters.
The latest information about the FSA and the award winners can be viewed on the World Wide Web at www.fsa.org.
About the Fabless Semiconductor Association
In 1994, industry leaders incorporated FSA (www.fsa.org) to achieve a more optimal balance between wafer demand and capacity. Its more than 300 corporate members represent fabless companies, integrated device manufacturers, foundry providers, packaging/assembly houses, electronic design automation companies, investment bankers, intellectual property providers and other companies. The organization encourages the relationship between fabless companies and suppliers; facilitates business partnerships; creates awareness of the fabless business model; disseminates relevant data; and fosters standards and policies. The FSA's vision is that by 2010 half of all integrated circuit revenue will come from fabless operations.
NVIDIA Corporation, located in Santa Clara, CA, is the global leader in advanced graphics and multimedia processing technology for the consumer and professional computing markets. Its 2D, 3D, video and multimedia capabilities make NVIDIA one of the premier semiconductor companies in the world. NVIDIA offers a wide range of products and services, delivering superior performance and crisp visual quality for PC-based applications such as manufacturing, science, e-business, entertainment and education.
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 "Certain Business Risks," for a fuller discussion of these and other risks and uncertainties.
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