Nvidia Buys iPod Chip Supplier Page: 1

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Nvidia is set to acquire PortalPlayer - Apple's supplier of the MP3 decoder and controller chip that goes inside your iPod. The headline price for the Silicon Valley semiconductor firm is $357m, but the real price Nvidia is paying is the $161 million net of cash on PortalPlayer's balance sheet as of September 30, 2006.

Nvidia aims to combine PortalPlayer's applications processors with its own handheld GPUs to feed the next generation of portable media players, PDAs, games handhelds and phones.

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