- Sep 5, 2003
- 19,458
- 765
- 126
Nvidia CEO Sees Automotive Business Growing to $1 Billion
About 30 new models using Nvidia’s Tegra processor will be introduced in the next two to three years, Huang said in an interview yesterday. The company will add U.S. and Japanese automakers to a list of customers that includes Volkswagen AG (VOW)’s Audi and Tesla Motors Inc. (TSLA), Huang said.
The push into automobiles is part of Huang’s efforts to reduce the company’s reliance on personal-computer graphics cards amid the worst slump in PC sales on record. Customizable instrument screens and high-end navigation and entertainment systems, which until now have been the preserve of more expensive vehicles, are going to start appearing in cheaper cars as consumers demand features that match the look and utility of their smartphones, Huang said.
“Until now, it’s been quite slow,” Huang said. “It’s taken us about seven years to build a $100 million business. Now it’s doubling every year.”
Huang, a co-founder, didn’t give a timeframe for when car-chip sales would reach $1 billion. Nvidia has been seeking to boost sales, which grew at a slower pace in fiscal 2013 than the year before. Chips from the Santa Clara, California-based company have started to appear in smartphones and server computers, and Nvidia has unveiled its own handheld gaming device, Shield.
Source
Good to see that NV continues to seek out expansionary market opportunities in different industry sectors, which means it can weather the storm if GPU sales decline. It will also mean a continuos cash flow from these growing sources of revenue to spend on R&D for its GPUs beyond Volta. JHH is an amazing CEO that thinks on a global scale. :thumbsup:
About 30 new models using Nvidia’s Tegra processor will be introduced in the next two to three years, Huang said in an interview yesterday. The company will add U.S. and Japanese automakers to a list of customers that includes Volkswagen AG (VOW)’s Audi and Tesla Motors Inc. (TSLA), Huang said.
The push into automobiles is part of Huang’s efforts to reduce the company’s reliance on personal-computer graphics cards amid the worst slump in PC sales on record. Customizable instrument screens and high-end navigation and entertainment systems, which until now have been the preserve of more expensive vehicles, are going to start appearing in cheaper cars as consumers demand features that match the look and utility of their smartphones, Huang said.
“Until now, it’s been quite slow,” Huang said. “It’s taken us about seven years to build a $100 million business. Now it’s doubling every year.”
Huang, a co-founder, didn’t give a timeframe for when car-chip sales would reach $1 billion. Nvidia has been seeking to boost sales, which grew at a slower pace in fiscal 2013 than the year before. Chips from the Santa Clara, California-based company have started to appear in smartphones and server computers, and Nvidia has unveiled its own handheld gaming device, Shield.
Source
Good to see that NV continues to seek out expansionary market opportunities in different industry sectors, which means it can weather the storm if GPU sales decline. It will also mean a continuos cash flow from these growing sources of revenue to spend on R&D for its GPUs beyond Volta. JHH is an amazing CEO that thinks on a global scale. :thumbsup:
Last edited: