Nvidia's CEO Jen-Hsun Huang has revealed that the firm's greatly anticipated Tegra processor with built-in LTE connectivity will not be ready for launch until next year.
The chipset, codenamed 'Grey', would be used in smartphones to give devices LTE connectivity, and would directly compete with Snapdragon chipsets from current top dog, Qualcomm. But it seems likely that customers waiting for Nvidia's new Tegra processor will have to wait until next year at least.
Huang told investors that they would see the integrated modems being shipped this year, but the chief executive corrected himself saying: "You'll see Tegra 3 LTE phones with partners' baseband processors in the second half of this year and then next year with our own LTE baseband processors as well."
Most LTE devices in the smartphone market use chipsets made by Qualcomm, including the AT&T version of the HTC One X, the forthcoming HTC DROID Incredible 4G LTE for Verizon and Sprint's HTC EVO 4G LTE.
The investors call was also where Huang announced the firm's $60m in profit and $924m in revenue. There are also claims saying that the firm could make around $990m in the second quarter, making the total profit for the first half of the year a nice $1.05bn.
Source: The Verge