Nvidia saw their revenue dwindle towards the end of 2011 and for this year, the company hopes to get back on its feet, thanks to their new and improved, Tegra 3 processor hitting smartphones and tablets this year. Despite high expectations, Nvidia has slightly toned down its outlook for this year bringing down their previously expected $1 billion in revenue to a more reasonable $900 million.
Speaking of those Tegra 3 smartphones, during Nvidia’s earnings call today, CEO Jen Hsun Huang said the company plans to begin shipping these quad-core super phones within weeks of their big unveiling at Mobile World Congress in just a few weeks. Although he didn’t mention any phones by name, we’re expecting the LG X3, HTC One X and possible others to make their debut at this year’s MWC. Huang also mentioned that Nvidia also hopes to ship their new pure cellular chipset — codenamed Gray — this year. Gray will include both 3G and LTE capabilities into a single chipset.
Nvidia was first out the gate with a dual-core processor last year, but handset OEMs (or consumers?) seemingly lost faith in the processor moving onto similar offerings from rivals Texas Instruments and Qualcomm dual-core processors. Should be exciting to see which semiconductor company will be first to try and 1-up Nvidia’s Tegra 3 this year.