Nvidia cites chip fix payments, nixes large event
Updated at 1:20 p.m. PDT with correction about the extent to which the Nvision conference is being scaled back.
Nvidia paid out $43.6 million to cover costs associated with graphics chip defects in its 2009 fiscal year, and in a separate development, a spokesman said Monday the company has no plans this year to hold the large-scale Nvision conference that it hosted last year.
In a Form 10-K filing with the Securities and Exchange Commission, Nvidia said it paid $43.6 million in fiscal year 2009 "in deductions towards warranty accrual associated with incremental repair and … Read more