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Nvidia says lands new Sony design contract

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Nvidia says lands new Sony design contract

Graphics chip maker Nvidia said on Thursday it has a new design contract with Sony that will pay more than it earned for creating the graphics processor for the upcoming PlayStation 3 video game console.

Sony paid Nvidia about $30 million for designing the PS3’s graphics chip, a fee that was paid out gradually as work on the processor was completed, Nvidia’s chief financial officer Marv Burkett said.

Read the complete story here. (Reuters)

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