<DOCUMENT>
<TYPE>EX-99.1
<SEQUENCE>3
<FILENAME>e15707ex99_1.txt
<DESCRIPTION>PRESS RELEASE
<TEXT>

                                                                    Exhibit 99.1

                   NVIDIA Corporation Announces Redemption of
                      4 3/4% Convertible Subordinated Notes

Santa Clara,  California--September 17, 2003--NVIDIA Corporation.  (NASDAQ:NVDA)
today  announced  that its Board of Directors  has approved the  redemption,  on
October 24, 2003, of its 4 3/4%  Convertible  Subordinated  Notes due 2007.  The
aggregate  principal  amount  of the  notes  outstanding  is $300  million.  The
redemption price is equal to 102.714% of the outstanding principal amount of the
notes,  plus accrued and unpaid  interest up to, but  excluding,  the redemption
date.

"NVIDIA's  solid financial  condition  allows us to redeem the notes nearly four
years  prior to  maturity,  thereby  saving  $14.3  million per year in interest
expense  and  cash,"  said  Marv  Burkett,  Chief  Financial  Officer  of NVIDIA
Corporation.  As of July 27, 2003,  NVIDIA had total cash, cash  equivalents and
marketable securities of over $1.0 billion.

Prior to 5:00 p.m. (Eastern Time) on October 23, 2003, holders may convert their
notes into shares of NVIDIA Common Stock at a conversion  rate of  approximately
21.57 shares of NVIDIA  Corporation  Common Stock per $1,000 principal amount of
notes,  which is equivalent to a conversion  price of  approximately  $46.36 per
share.  On September 16, 2003,  the last reported sale price of NVIDIA's  Common
Stock on the NASDAQ  National  Market was $19.62.  Any notes not converted on or
before 5:00 p.m.  (Eastern  Time) on October  23,  2003,  will be  automatically
redeemed on October 24, 2003, after which interest will cease to accrue.

A Notice of Redemption is expected to be mailed to all registered holders of the
Notes on or about September 17, 2003.  Copies of the Notice of Redemption may be
obtained after  September 17, 2003,  from JP Morgan Trust Company,  N.A., at 560
Mission Street, 13th Floor, San Francisco, CA 94105.

In connection  with the redemption of the notes,  NVIDIA  Corporation  estimates
that it will  record a  one-time  charge of  approximately  $13.1  million  on a
pre-tax basis and approximately $7.9 million on an after-tax basis.

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  1,700  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  expectations  for NVIDIA's family of products and expectations of
market position and 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,  manufacturing  costs and the pricing of components  such as memory,
the impact of competitive products and pricing alternatives, changes in industry
standards and interfaces,  market acceptance of the Company's new products,  the
Company's dependence on third-party  developers and publishers and the impact of
litigation  and other  proceedings.  Investors are advised to read the Company's
Annual Report on Form 10-K filed on April 25, 2003,  particularly those sections
entitled  "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.

                                      # # #

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