Gainward drops out of graphics card business

— 2:56 AM on February 2, 2005

DigiTimes is reporting that Gainward is getting out of the graphics card business. Consolidation within the industry and an expansion of first-tier graphics card manufacturers like Asus, MSI, and Gigabyte apparently contributed to Gainward's decision. The company's brand will live on, though; the Gainward name has been sold to Palit Microsystems for $1 million. Palit will apparently use the Gainward brand to try and break into the high-end graphics card market. Let's hope they adopt Gainward's penchant for original and occasionally outlandish designs.

Update - It appears that Gainward has not, in fact, dropped out of the graphics card business. TR reader BiffStroganoffsky points to a press release suggesting that a miscommunication wrongly gave the impression that Gainward will halt operations. Gainward is now owned by a new investor group made up primarily of the company's extended management team and will continue to develop NVIDIA-based graphics cards.

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