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Getting rid of Icera’s business
will cost NVIDIA $ 125 million
08.05.2021 [16:01],
Sergey Karasev

NVIDIA Released Fiscal First Quarter 2021, Closed April 26.

Revenue of one of the leading developers of graphic processors for a three-month period was $ 1.15 billion. This is about 4% more than in the first quarter of the previous fiscal year, when revenue was $ 1.10 billion.

NVIDIA

GAAP net income was $ 134 million, or 24 cents per security. A year earlier, the company earned $ 137 million. Thus, the fall in annual terms was 2%.

Recently NVIDIA announced plans to stop developing modems for smartphones and tablets. We are talking about the winding up of Icera’s business: this company was acquired by NVIDIA in 2021 for $ 367 million. It is reported that the costs associated with disposal of Icera assets will range from $ 100 to $ 125 million. After reorganization, NVIDIA will be able to fully focus on gaming, automotive and cloud technologies.

NVIDIA

“The importance of computing with graphics is clear. Our experience in this area will allow us to take a leading position in the development of deep learning systems, virtual reality and robotic cars “, – said the head of NVIDIA Jen-Hsun Huang (pictured).

In the current fiscal quarter, the company expects to receive revenue of $ 1.01 billion plus / minus 2%.

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