Nvidia Spent $43.6 Million to Replace Faulty Graphic Chips

In NVidia’s annual report, it was discovered that NVidia has paid $43.6 million in response to the faulty graphics chips that were discovered last year.

In July 2008 Nvidia took a one-time $196 million charge against its second-quarter earnings to cover additional warranty and replacement costs related to faulty graphics chips which the company said included a “weak die packaging material set.” Nvidia s financial year ended on January 25. Based on the $43.6 million spent so far approximately 78 percent of the original amount set aside or $152.4 million remains available to cover costs related to this flaw.

In a possibly related story, NVidia has decided to cancel “NVISION2009″, their premiere developer’s conference & LAN party.

It seems that a number of factors contributed to the cancelling of NVISION 2009. The most obivious is the general, global economic downturn which undoubtedly caused many sponsors interested in the event to scale back their plans. Perhaps NVIDIA also believed that attendess would be harder to find this yea

via Nvidia Spent $43.6 Million to Replace Faulty Graphic Chips – PC World.

viz NVidia Canceles NVISION2009 … New Link: From TechSpot

This story written by Randall Hand

Randall Hand is a visualization scientist working for a federal research lab, aiding researchers to discover the insights buried within their terabyte datasets generated on some of the most powerful supercomputers in the world. He also runs VizWorld.com .