Nvidia gets $200m X-Box injection

Graphics chip giant, Nvidia, is to receive a $200 million payment from Microsoft next month as an advance on multimedia development work for the X-Box. The X-Box has become one of the industry's most talked about yet-to-ship products and has seen a rows break out over who would win the supply deals for a variety of components. According to NewsTraders.com, the announcement of the $200 million payment came via Nvidia's end of year financial filings. If the deal falls through, Nvidia has to hand back half the cash along with a clutch of shares to cover the remainder. Nvidia's involvement in the project was revealed last week when the company said it would supply the graphics chip for the X-Box. Nvidia reckons its chip will handle in excess of three trillion operations per second. ® Related Stories Will X-Box win (X) Windows Everywhere for MS? AMD claims Intel giving away chips for X-Box Intel snatches X-Box victory, eats AMD Athlon's lunch X-Box: Nvidia schmoozes MS, drops huge hints X-Box vapour triggers Nvidia stock frenzy X-Box to ship fall 2001, nuke Sony, Nintendo et al