Nvidia Corp. said on Tuesday that the authorities in the U.S. and Taiwan have approved the acquisition of Uli Electronics by the U.S.-based chipset and graphics processor designer. Uli Electronics now fully belongs to Nvidia Corp. and will help it to penetrate the markets of Asia easier.

?The acquisition represents the company's ongoing investment in its platform solution strategy and is expected to strengthen its sales, marketing, and customer engineering presence in Taiwan and China,?a statement by Nvidia said.

Under the terms of the agreement, Nvidia will pay approximately $52 million for Uli Electronics?shares. Potentially, the acquisition is expected to strengthen the company's sales, marketing, and customer engineering presence in Taiwan and China.

Uli has been controlling less than 1% of the whole core-logic market, whereas Nvidia's market share has climbed from 5% to 8% in the past quarters according to Mercury Research. But while not so popular and technologically advanced chipsets from Uli are hardly interesting for Nvidia, the Taiwan-based chip developer has a broad multimedia product portfolio that may interest the graphics giant and may be integrated into the future nForce products.

According to Nvidia's chief-executives, the company would adjust its chipset roadmap as a result of the acquisition.

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