<DOCUMENT>
<TYPE>EX-99.1
<SEQUENCE>3
<FILENAME>e15408ex99_1.txt
<DESCRIPTION>PRESS RELEASE
<TEXT>
                                                                    Exhibit 99.1

                     NVIDIA ANNOUNCES ACQUISITION OF MEDIAQ
          NVIDIA Leverages MediaQ's Expertise in Low power and Wireless
        To Bring Rich Multimedia Features to the Wireless Mobile Segment

SANTA CLARA, CA--AUGUST 4th, 2003--NVIDIA Corporation (Nasdaq: NVDA), the
worldwide leader in visual processing solutions, today announced that it has
signed a definitive agreement to acquire MediaQ, Inc., the leading provider of
graphics and multimedia technology for wireless mobile devices.

Under the terms of the agreement, NVIDIA will acquire privately-held MediaQ for
$70 million in total consideration, which NVIDIA expects to pay predominantly in
cash. The acquisition, which is expected to be completed in the third quarter of
NVIDIA's fiscal year 2004, has been approved by the board of directors of each
company and is subject to the satisfaction of regulatory requirements and other
customary closing conditions.

Founded in 1997, MediaQ's core technologies enhance visual display capabilities,
improve connectivity, and minimize chip and system-level power consumption. The
company enhances its semiconductor product offerings with a comprehensive set of
software, including drivers for major mobile operating systems (Microsoft
PocketPC, Microsoft SmartPhone, Palm, Symbian) and APIs that improve OEM time to
market. Key market segments are 3G and 2.5G handsets, PDAs, LCD displays, and
other mobile devices. MediaQ customers include leading handset and PDA
manufacturers, such as Mitsubishi, Siemens, DBTel, Dell, HP, Palm, Philips,
Sharp, and Sony.

"We are delighted to join forces with NVIDIA," said Elie Antoun, chief executive
officer and president, MediaQ. "MediaQ's customers will benefit from NVIDIA's
vast technology and engineering resources, manufacturing prowess, and global
support infrastructure."

"This acquisition supports NVIDIA's strategy of extending our platform reach and
accelerates our entry into the wireless mobile markets," added Jen-Hsun Huang,
chief executive officer, NVIDIA. "The world class team at MediaQ has made
significant penetration and created strong relationships with key technology
leaders in the areas of handsets, LCD displays, and PDAs, all essential
ingredients in the 3G mobile multimedia revolution. The MediaQ acquisition
extends NVIDIA's competencies in ultra low power design methodologies and
system-on-chip designs, as well as in the Microsoft Pocket PC, Microsoft
SmartPhone, Palm, and Symbian operating systems."

More details will be provided during NVIDIA's quarterly conference call to be
held on August 7, 2003.
<PAGE>

About NVIDIA

      NVIDIA  Corporation  is a market  leader  in visual  computing  technology
dedicated  to creating  products  that  enhance the  interactive  experience  on
consumer and professional  computing platforms.  Its graphics and communications
processors have broad market reach and are  incorporated  into a wide variety of
computing  platforms,  including  consumer  digital-media  PCs,  enterprise PCs,
professional  workstations,  digital  content  creation  systems,  notebook PCs,
military navigation systems and video game consoles.  NVIDIA is headquartered in
Santa Clara,  California and employs more than 1,600 people worldwide.  For more
information, visit the Company's Web site at www.nvidia.com

Certain statements in this press release,  including any statements  relating to
the  Company's  performance  expectations  for  NVIDIA's  family of products and
expectations of continued revenue growth,  are  forward-looking  statements that
are subject to risks and uncertainties that could cause results to be materially
different than expectations.  Such risks and uncertainties  include, but are not
limited  to,   manufacturing   and  other  delays   relating  to  new  products,
difficulties  in the  fabrication  process  and  dependence  of the  Company  on
third-party manufacturers,  general industry trends including cyclical trends in
the PC and  semiconductor  industries,  the impact of  competitive  products and
pricing alternatives,  market acceptance of the Company's new products,  and the
Company's  dependence on third-party  developers and  publishers.  Investors are
advised to read the Company's  Annual Report on Form 10-K and quarterly  reports
on Form 10-Q filed with the  Securities  and Exchange  Commission,  particularly
those sections  entitled  "Certain  Business Risks," for a fuller  discussion of
these and other risks and uncertainties.

                                      # # #

Copyright (C) 2003 NVIDIA Corporation.  All rights reserved.  All company and/or
product names may be trade names, trademarks and/or registered trademarks of the
respective   owners  with  which  they  are   associated.   Features,   pricing,
availability, and specifications are subject to change without notice.

(C) 2003 MediaQ,  Incorporated.  MediaQ,  and MediaQ logo, are trademarks and/or
service marks of MediaQ,  Incorporated in the United States and other countries.
Other brands or products are trademarks of their respective holders.

Note to editors:  If you are  interested in viewing  additional  information  on
NVIDIA,      please      visit      the      NVIDIA      Press      Room      at
http://www.nvidia.com/view.asp?PAGE=press_room.

</TEXT>
</DOCUMENT>