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NVIDIA halting Icera modem operations, will explore selling the division

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NVIDIA halting Icera modem operations, will explore selling the division

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The acquisition of Icera in 2011 will move down as a bust for NVIDIA until the corporate ratings large with the risk of a sale. On Tuesday, NVIDIA found out that it will be halting operations of the Icera division that produces modems. The unique acquisition of Icera used to be intended to combine top-velocity connectivity into Tegra processors. The Tegra 4i, introduced in 2013, used to be the first processor from NVIDIA and Icera to have an built-in modem. Competition from Qualcomm and Intel has successfully driven NVIDIA out of the industry. Moving ahead, the corporate will glance to “parter with 3rd-birthday party modem providers” because it explores selling the whole division or its generation.

NVIDIA will document its first quarter profits on Thursday.

Hit the holiday for the press free up.

NVIDIA to Wind Down Icera Modem Operations

SANTA CLARA, CA–(May 5, 2015) – NVIDIA (NASDAQ: NVDA) lately introduced that it will wind down its Icera modem operations in the 2d quarter of financial 2016. The corporate is open to a sale of the generation or operations.

The corporate bought Icera in 2011 to interact the telephone revolution with a number one built-in software processor and modem platform. Since then, the corporate has reshaped its technique to concentrate on top-expansion possibilities in gaming, car and cloud computing programs like deep studying, the place its visible computing experience is very much valued.

The Icera 4G LTE modem meets the corporate’s wishes for the subsequent yr or extra. Going ahead, the corporate expects to spouse with 3rd-birthday celebration modem providers and will now not boost its personal. The Icera modem operation has roughly 500 workers, primarily based essentially in the G.G. and France, with smaller operations in Asia and the United States. Further main points, together with the monetary have an effect on, will be supplied while NVIDIA’s first quarter monetary effects are introduced on Thursday, May 7. To pay attention to the convention name with analysts and buyers, which will be held that day at 2 p.m. PT (5 p.m. ET), dial (303) 223-2696; no password is needed. O are living webcast (pay attention-best mode) of the convention name will be available at NVIDIA’s investor family members web site, http://investor.nvidia.com, and at www.streetevents.com.


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