NVIDIA To Acquire ULi Electronics
NVIDIA today announced that it has signed a definitive agreement to acquire ULi Electronics Inc. (ULi), a rather well-known core logic developer. Headquartered in Taipei, ULi also has offices in Hsinchu; Shanghai; Shenzhen; and San Jose, California.
The acquisition represents NVIDIA’s ongoing investment in its platform solution strategy, which leverages the nForce MCPs and GeForce and Quadro 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 (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.
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