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Nvidia puts plans for new Silicon Valley campus on hold

13
Feb
2014

By Noel Randewich SAN FRANCISCO (Reuters) – Graphics chipmaker Nvidia Corp has halted plans to build a flashy new campus that could have rivaled the architectural ambitions of major Silicon Valley neighbors like Facebook Inc and Apple Inc. Nvidia said a year ago it would use property it owns across the street from its current headquarters in Santa Clara, California, to construct one, and eventually two, eco-friendly buildings in the shape of triangles. But Chief Executive Jen-Hsun Huang said on Wednesday that Nvidia put the project on hold after leasing office space late last year in a existing building by its headquarters. Earlier on Wednesday, Nvidia posted higher fiscal fourth-quarter revenue that beat Wall Street’s expectations, fueled by the chipmaker’s PC gaming components, even as it grapples with an expansion beyond computers and into mobile devices. When Nvidia unveiled plans for its new campus a year ago, Huang wrote a blogpost showing off images of buildings with vast open floors optimized for “cross-functional work,” with skylights in the shape of criss-crossed triangles taking up almost all of the buildings’ roofs.

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