nVidia to Aquire ULi Electronics

D00d 1: Surly this will help out the chipset business.
D00d 2: Yes, it will help out the chipset business, and don't call me surly.
"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 (USD). 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.

Alex Kuo, president and chief executive officer, ULi, will join NVIDIA as a senior executive responsible for MCP sales, marketing, and support functions in Asia. NVIDIA intends to supply ULi customers with current products for the foreseeable future."

Related Web URL: http://www.nvidia.com/object/IO_28250.html