NVIDIA Subsidiary Completes its Purchase of Certain 3dfx Graphics Assets.Business Editors/High-Tech Writers
SANTA CLARA, Calif.--(BUSINESS WIRE)--April 19, 2001
NVIDIA(R) Corporation (Nasdaq:NVDA NVDA NVIDIA Corp (stock symbol)
NVDA Non-Violent Direct Action (direct resistance lobbying)
NVDA NonVisual Desktop Access (open-source screen reader) ) announced today that its wholly owned subsidiary Wholly Owned Subsidiary
A subsidiary whose parent company owns 100% of its common stock.
In other words, the parent company owns the company outright and there are no minority owners. , NVIDIA US Investment Company, completed its purchase of certain graphics assets of 3dfx Interactive (Nasdaq:TDFX TDFX Testis-Determining Factor, X-Chromosomal ).
On December 15, 2000, NVIDIA US Investment Company, NVIDIA and 3dfx signed an asset purchase agreement for NVIDIA US Investment Company to purchase from 3dfx certain graphics assets, which include, but are not limited to, patents, patent applications, trademarks, brand names and other graphics related assets. At the closing, NVIDIA US Investment Company paid $55 million in cash to 3dfx. Subject to the satisfaction of certain additional conditions, 3dfx may receive additional consideration from NVIDIA US Investment Company in the form of cash and/or shares of Common Stock of NVIDIA Corporation. As a result of today's closing, the patent infringement patent infringement n. the manufacture and/or use of an invention or improvement for which someone else owns a patent issued by the government, without obtaining permission of the owner of the patent by contract, license or waiver. litigation An action brought in court to enforce a particular right. The act or process of bringing a lawsuit in and of itself; a judicial contest; any dispute.
When a person begins a civil lawsuit, the person enters into a process called litigation. between NVIDIA Corporation and 3dfx will be jointly dismissed with prejudice.
NVIDIA Corporation (Nasdaq:NVDA), based in Santa Clara, California Santa Clara, California (IPA: /ˌsæntəˈklærə/) , founded in 1777 and incorporated in 1852, is a city in Santa Clara County, in the U.S. state of California. , 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.
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See 10-K. and quarterly reports on Form 10-Q Form 10-Q
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Notes to Editors:
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