Nvidia lands orders for at least 3 million Tegra 3 chips for Nexus 7. These chips will have more power than you could ever imagine ... well, on a tablet at least.

"Nvidia has obtained orders for at least three million Tegra 3 chips for use in Nexus 7 tablet PCs and at least 3-4 million units of the tablet will be shipped through the end of 2012, according to supply chain makers.

Since each Tegra 3 is priced at about US$25, Nvidia will earn revenues close to US$75 million just through its Nexus 7 orders in the second half with profits from the orders to reach US$10 million. With the addition of other Tegra 3 orders, the income is expected to help cover its weakening performance in the graphics chip business.

Google's low price strategy of US$199-249 for its Nexus 7 tablet PC has strongly attracted consumers, allowing Nvidia to be able to quickly recover in the ARM-based processor market."

Source: Digitimes

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