NVIDIA to Acquire ULi Electronics

NVIDIA Corporation today announced that it has signed a definitive agreement to acquire ULi Electronics Inc. (ULi), one of the PC industry's core logic developers.

Headquartered in Taipei, ULi also has offices in Hsinchu; Shanghai; Shenzhen; and San Jose, California.

ULi is recognized 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. 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.

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