NVIDIA Acquired ULi

NVIDIA today announced that it has signed a definitive agreement to acquire ULi Electronics Inc. ULi is recognised for its innovative core logic technology as well as other multimedia and embedded products. Additionally, the acquisition is expected to strengthen the Company’s sales, marketing, and customer engineering presence in Taiwan and China. Under the terms of the agreement, NVIDIA will pay 19 New Taiwan Dollars in cash for each outstanding ULi share and stock option, for a total of approximately $ 52 million (USD). Alex Kuo, president and chief executive officer, ULi, will join NVIDIA as a senior executive responsible for MCP sales, marketing, and support functions in Asia. NVIDIA intends to supply ULi customers with current products for the foreseeable future.

NVIDIA Corporation (Nasdaq: NVDA), the worldwide leader in programmable
graphics processor technologies, today announced that it has signed a definitive
agreement to acquire ULi Electronics Inc. (ULi), one of the PC industry’s most
highly-regarded core logic developers. Headquartered in Taipei, ULi also has
offices in Hsinchu; Shanghai; Shenzhen; and San Jose, California.

ULi is recognised for its innovative core logic technology as well as other
multimedia and embedded products. The acquisition represents NVIDIA’s ongoing
investment in its platform solution strategy, which leverages the acclaimed
NVIDIA nForce® media and communications processors (MCPs) and NVIDIA® GeForce®
and NVIDIA Quadro® graphics processing units (GPUs). Additionally, the
acquisition is expected to strengthen the Company’s sales, marketing, and
customer engineering presence in Taiwan and China.

Under the terms of the agreement, NVIDIA will pay 19 New Taiwan Dollars in cash
for each outstanding ULi share and stock option, for a total of approximately
$ 52 million (USD). The acquisition, which is expected to be completed in the
first quarter of the Company’s fiscal year 2007, remains subject to the
satisfaction of regulatory requirements and other customary closing conditions.

Alex Kuo, president and chief executive officer, ULi, will join NVIDIA as a
senior executive responsible for MCP sales, marketing, and support functions in
Asia. NVIDIA intends to supply ULi customers with current products for the
foreseeable future.

Jen-Hsun Huang, president and chief executive officer, NVIDIA, stated: “Alex and
his team have built a company admired for creating innovative products in the
core logic arena. The acquisition provides an opportunity for NVIDIA to leverage
a very talented engineering team in order to expand our MCP initiatives while
building closer relationships with customers in Asia.”

“At ULi, we have always believed that the opportunities in the MCP space are
tremendous,” added Mr. Kuo. “The strength of the NVIDIA world-class engineering
and marketing organisations will enable the ULi team to take product design and
development to the next level.”

NVIDIA is the largest AMD core logic supplier in the world (Source: Mercury
Research, Third Quarter 2005 PC CPU Report). NVIDIA nForce MCP revenue has
increased 100 percent year-over-year and has achieved record revenue for five
consecutive quarters.

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