1、NVIDIA CORPORATION2013 ANNuAl ReVIew,NOTICe Of ANNuAl MeeTINg,PROxy STATeMeNT AND fORM 10-KSince 1993,NVIDIA has pioneered the art and science of visual computing.The companys technologies are transforming a world of displays into a world of interactive discoveryfor everyone from gamers to scientist
2、s,and consumers to enterprise customers.more information at 1Dear Fellow StakeholDerS,revenue grew 7 percent in fiscal year 2013 to a record$4.28 billion at a time when much of the PC industry contracted.we exceeded our previous peak of$4.10 billion five years ago,when$710 million came from chipsets
3、,a business we have exited.GPU revenue grew for a second straight year,up 2 percent overall and up 8 percent excluding chipsets.tegra revenue related to phones and tablets grew 50 percent,driven by marquee wins for tegra 3 in the explosive tablet market.Building on this momentum,we introduced tegra
4、4 near the years end and the following month unveiled tegra 4i,our first chip to combine an application processor with an lte modem.Gross margins and cash hit record levels,even as we invested for future growth.we showed off our first fully integrated products.NVIDIa ShIelD,the runaway hit of the 20
5、13 International Consumer electronics Show,is an android-based gaming device that highlights our tegra processor.and NVIDIa GrID,by bringing GPUs to the cloud,will do for graphics-rich applications what Netflix does for movies.our gross margin increased to 52.0 percent,up 0.6 percentage point from t
6、he prior year.Diluted earnings declined 4 percent to$0.90 a share,reflecting increased investment to secure future growth.we achieved a record level of cash,at$3.73 billion,and gave back$147 million to our shareholders through share buybacks and a newly launched dividend program.these achievements c