Nvidia Corp 10-Q for FY2021 Q1

Nvidia Corp (NVDA)

10-Q 2020-05-21 For: 2020-04-26

Added on April 01, 2026

About this 10-Q

Nvidia Corp filed this 10-Q on May 21, 2020, covering the quarter ended April 26, 2020 (FY2021 Q1).

Headline figures

Quarter ended April 26, 2020, as reported in this filing, compared with the same period a year earlier where the filing states it.

Revenue: $3.08B; up 38.7% from $2.22B a year earlier
Net income: $917M; up 132.7% from net income of $394M a year earlier
Diluted EPS: $1.47; up 129.7% from $0.64 a year earlier

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Delaware			94-3177549
(State or Other Jurisdiction of			(I.R.S. Employer
Incorporation or Organization)			Identification No.)


Title of each class	Trading Symbol(s)	Name of each exchange on which registered
Common Stock, $0.001 par value per share	NVDA	The Nasdaq Global Select Market


		Page
	PART I : FINANCIAL INFORMATION

Item 1.	Financial Statements (Unaudited)

	a) Condensed Consolidated Statements of Income for the three months ended April 26, 2020 and April 28, 2019	3

	b) Condensed Consolidated Statements of Comprehensive Income for the three months ended April 26, 2020 and April 28, 2019	4

	c) Condensed Consolidated Balance Sheets as of April 26, 2020 and January 26, 2020	5

	d) Condensed Consolidated Statements of Shareholders' Equity for the three months ended April 26, 2020 and April 28, 2019	6

	e) Condensed Consolidated Statements of Cash Flows for the three months ended April 26, 2020 and April 28, 2019	7

	f) Notes to Condensed Consolidated Financial Statements	8

Item 2.	Management’s Discussion and Analysis of Financial Condition and Results of Operations	21

Item 3.	Quantitative and Qualitative Disclosures About Market Risk	28

Item 4.	Controls and Procedures	28

	PART II : OTHER INFORMATION

Item 1.	Legal Proceedings	29

Item 1A.	Risk Factors	29

Item 2.	Unregistered Sales of Equity Securities and Use of Proceeds	33

Item 6.	Exhibits	34

Signature		36


	Three Months Ended
	April 26,		April 28,
	2020		2019

Revenue	$	3,080	$	2,220
Cost of revenue	1,076		924
Gross profit	2,004		1,296
Operating expenses
Research and development	735		674
Sales, general and administrative	293		264

Total operating expenses	1,028		938
Income from operations	976		358
Interest income	31		44
Interest expense	(25)		(13)
Other, net	(1)		—
Other income, net	5		31
Income before income tax	981		389
Income tax expense (benefit)	64		(5)
Net income	$	917	$	394

Net income per share:
Basic	$	1.49	$	0.65
Diluted	$	1.47	$	0.64

Weighted average shares used in per share computation:
Basic	614		607
Diluted	622		616


	Three Months Ended
	April 26,		April 28,
	2020		2019

Net income	$	917	$	394
Other comprehensive income (loss), net of tax
Available-for-sale securities:


Net change in unrealized gain	—		7
Cash flow hedges:
Net unrealized gain (loss)	(10)		4
Reclassification adjustments for net realized loss included in net income	(1)		(1)
Net change in unrealized gain (loss)	(11)		3
Other comprehensive income (loss), net of tax	(11)		10
Total comprehensive income	$	906	$	404


☒			QUARTERLY REPORT PURSUANT TO SECTION 13 OR 15(d) OF THE SECURITIES EXCHANGE ACT OF 1934


☐			TRANSITION REPORT PURSUANT TO SECTION 13 OR 15(d) OF THE SECURITIES EXCHANGE ACT OF 1934


	April 26,		January 26,
	2020		2020
ASSETS
Current assets:
Cash and cash equivalents	$	15,494	$	10,896
Marketable securities	860		1
Accounts receivable, net	1,907		1,657
Inventories	1,128		979
Prepaid expenses and other current assets	195		157
Total current assets	19,584		13,690
Property and equipment, net	1,715		1,674
Operating lease assets	595		618
Goodwill	628		618
Intangible assets, net	80		49
Deferred income tax assets	533		548
Other assets	119		118
Total assets	$	23,254	$	17,315

LIABILITIES AND SHAREHOLDERS’ EQUITY
Current liabilities:
Accounts payable	$	761	$	687
Accrued and other current liabilities	1,142		1,097

Total current liabilities	1,903		1,784
Long-term debt	6,959		1,991
Long-term operating lease liabilities	519		561
Other long-term liabilities	774		775
Total liabilities	10,155		5,111
Commitments and contingencies - see Note 13

Shareholders’ equity:
Preferred stock	—		—
Common stock	1		1
Additional paid-in capital	7,354		7,045
Treasury stock, at cost	(10,036)		(9,814)
Accumulated other comprehensive income (loss)	(10)		1
Retained earnings	15,790		14,971
Total shareholders' equity	13,099		12,204
Total liabilities and shareholders' equity	$	23,254	$	17,315


	Common Stock Outstanding					Additional Paid-in Capital		Treasury Stock		Accumulated Other Comprehensive Loss		Retained Earnings		Total Shareholders' Equity
(In millions, except per share data)	Shares	Amount
Balances, January 26, 2020	612	$	1	$	7,045	$	(9,814)	$	1	$	14,971	$	12,204
Other comprehensive loss	—	—		—		—		(11)		—		(11)
Net income	—	—		—		—		—		917		917
Issuance of common stock from stock plans	4	—		88		—		—		—		88
Tax withholding related to vesting of restricted stock units	(1)	—		—		(222)		—		—		(222)

Cash dividends declared and paid ($0.16 per common share)	—	—		—		—		—		(98)		(98)
Stock-based compensation	—	—		221		—		—		—		221
Balances, April 26, 2020	615	$	1	$	7,354	$	(10,036)	$	(10)	$	15,790	$	13,099
Balances, January 27, 2019	606	$	1	$	6,051	$	(9,263)	$	(12)	$	12,565	$	9,342

Other comprehensive income	—	—		—		—		10		—		10
Net income	—	—		—		—		—		394		394

Issuance of common stock from stock plans	4	—		83		—		—		—		83
Tax withholding related to vesting of restricted stock units	(1)	—		—		(211)		—		—		(211)

Cash dividends declared and paid ($0.16 per common share)	—	—		—		—		—		(97)		(97)
Stock-based compensation	—	—		183		—		—		—		183

Balances, April 28, 2019	609	$	1	$	6,317	$	(9,474)	$	(2)	$	12,862	$	9,704


	Operating Lease Obligations
	(In millions)
Fiscal Year:
2021 (excluding first quarter of fiscal year 2021)	$	90
2022	116
2023	102
2024	78
2025	61
2026 and thereafter	289
Total	736
Less imputed interest	117
Present value of net future minimum lease payments	619
Less short-term operating lease liabilities	100
Long-term operating lease liabilities	$	519


	Three Months Ended
	April 26, 2020
	(In millions)
Supplemental cash flows information
Operating cash flows used for operating leases	$	31
Operating lease assets obtained in exchange for lease obligations	$	3


	Three Months Ended
	April 26, 2020		April 28, 2019
	(In millions)
Cost of revenue	$	21	$	4
Research and development	134		114
Sales, general and administrative	69		60
Total	$	224	$	178


	RSUs, PSUs, and Market-based PSUs Outstanding
	Number of Shares	Weighted Average Grant-Date Fair Value Per Share
	(In millions, except per share data)
Balances, January 26, 2020	14	$	176.72
Granted	1	$	254.61

Vested restricted stock	(3)	$	144.27
Canceled and forfeited	(1)	$	161.66
Balances, April 26, 2020	11	$	191.23


	April 26, 2020
	Amortized Cost		Unrealized Gain		Unrealized Loss		Estimated Fair Value		Reported as
													Cash Equivalents	Marketable Securities
	(In millions)

Money market funds	$	11,128	$	—	$	—	$	11,128	$	11,128	$	—
Corporate debt securities	3,238		—		—		3,238		2,951		287
Foreign government bonds	870		—		—		870		870		—
Certificates of deposit	582		—		—		582		222		360
Debt securities issued by United States government agencies	381		—		—		381		168		213


Total	$	16,199	$	—	$	—	$	16,199	$	15,339	$	860


	January 26, 2020
	Amortized Cost		Unrealized Gain		Unrealized Loss		Estimated Fair Value		Reported as
													Cash Equivalents	Marketable Securities
	(In millions)
Money market funds	$	7,507	$	—	$	—	$	7,507	$	7,507	$	—
Debt securities issued by the United States Treasury	1,358		—		—		1,358		1,358		—
Debt securities issued by United States government agencies	1,096		—		—		1,096		1,096		—
Corporate debt securities	592		—		—		592		592		—
Foreign government bonds	200		—		—		200		200		—
Certificates of deposit	27		—		—		27		27
Asset-backed securities	1		—		—		1		—		1

Total	$	10,781	$	—	$	—	$	10,781	$	10,780	$	1


	April 26,		January 26,
	2020		2020
Inventories:	(In millions)
Raw materials	$	341	$	249
Work in-process	287		265
Finished goods	500		465
Total inventories	$	1,128	$	979


	Expected Remaining Term (years)	Effective Interest Rate	April 26, 2020		January 26, 2020
			(In millions)
2.20% Notes Due 2021	1.4	2.38%	$	1,000	$	1,000
3.20% Notes Due 2026	6.4	3.31%	1,000		1,000
2.85% Notes Due 2030	9.9	2.93%	1,500		—
3.50% Notes Due 2040	19.9	3.54%	1,000		—
3.50% Notes Due 2050	30.0	3.54%	2,000		—
3.70% Notes Due 2060	40.0	3.73%	500		—
Unamortized debt discount and issuance costs			(41)		(9)
Net carrying amount			$	6,959	$	1,991


	Three Months Ended
	April 26,		April 28,
	2020		2019
	(In millions)
Revenue:
Taiwan	$	813	$	698
China (including Hong Kong)	758		553
Other Asia Pacific	607		422
United States	497		165
Europe	254		249
Other countries	151		133
Total revenue	$	3,080	$	2,220


	Three Months Ended
	April 26,		April 28,
	2020		2019
	(In millions)
Revenue:
Gaming	$	1,339	$	1,055
Professional Visualization	307		266
Data Center	1,141		634
Automotive	155		166
OEM and Other	138		99
Total revenue	$	3,080	$	2,220


				Fair Value at
	Pricing Category	April 26, 2020			January 26, 2020
		(In millions)
Assets
Cash equivalents and marketable securities:
Money market funds	Level 1	$	11,128		$	7,507
Corporate debt securities	Level 2	$	3,238		$	592
Foreign government bonds	Level 2	$	870		$	200
Certificates of deposit	Level 2	$	582		$	27
Debt securities issued by United States government agencies	Level 2	$	381		$	1,096
Debt securities issued by the United States Treasury	Level 2	$	—		$	1,358
Asset-backed securities	Level 2	$	—		$	1




Liabilities



Other noncurrent liabilities:
2.20% Notes Due 2021 (1)	Level 2	$	1,020		$	1,065
3.20% Notes Due 2026 (1)	Level 2	$	1,104		$	1,006
2.85% Notes Due 2030 (1)	Level 2	$	1,635		$	—
3.50% Notes Due 2040 (1)	Level 2	$	1,134		$	—
3.50% Notes Due 2050 (1)	Level 2	$	2,336		$	—
3.70% Notes Due 2060 (1)	Level 2	$	594		$	—


	April 26, 2020										January 26, 2020
	Gross Carrying Amount		Accumulated Amortization		Net Carrying Amount		Gross Carrying Amount		Accumulated Amortization		Net Carrying Amount
	(In millions)										(In millions)
Acquisition-related intangible assets	$	231	$	(195)	$	36	$	195	$	(192)	$	3
Patents and licensed technology	522		(478)		44		520		(474)		46
Total intangible assets	$	753	$	(673)	$	80	$	715	$	(666)	$	49


	April 26, 2020		January 26, 2020
	(In millions)
Designated as cash flow hedges	$	432	$	428
Not designated for hedge accounting	$	244	$	287


	Graphics		Compute & Networking		All Other		Consolidated
	(In millions)
Three Months Ended April 26, 2020
Revenue	$	1,906	$	1,174	$	—	$	3,080

Operating income (loss)	$	836	$	451	$	(311)	$	976

Three Months Ended April 28, 2019
Revenue	$	1,526	$	694	$	—	$	2,220

Operating income (loss)	$	532	$	95	$	(269)	$	358


	Three Months Ended
	April 26, 2020		April 28, 2019
	(In millions)
Net cash provided by operating activities	$	909	$	720
Net cash provided by (used in) investing activities	$	(1,055)	$	1,495
Net cash provided by (used in) financing activities	$	4,744	$	(225)


Participant:			_____________________________
Date of Grant:			_____________________________
Vesting Commencement Date:			_____________________________
Number of Restricted Stock Units/Shares Subject to Award:			_____________________________


NVIDIA Corporation			Participant:
By:____________________________________			By:________________________________
Signature			Signature
Title:___________________________________			Date:_______________________________
Date:___________________________________


SPECIAL NOTICE FOR EMPLOYEES IN DENMARK EMPLOYER STATEMENT Pursuant to Section 3(1) of the Danish Act on Stock Options in employment relations, as amended effective January 1, 2019 (the “Stock Option Act”), you are entitled to receive the following information regarding the grant of Restricted Stock Units (“RSUs”) pursuant to the NVIDIA Corporation (the “Company”) Amended and Restated 2007 Equity Incentive Plan (the “Plan”) in a separate written statement. This statement contains only the information mentioned in the Stock Option Act. Additional terms and conditions related to the grant of RSUs are described in the Plan and other documents, including the Global Restricted Stock Unit Agreement and any country-specific appendices attached thereto (the “Agreement”), which have been made available to you. Capitalized terms used but not defined herein shall have the same meaning as terms defined in the Plan and/or the Agreement. 1. Date of Grant The Date of Grant of your RSUs is the date that the Board approved a grant for you and determined it would be effective.			SÆRLIG MEDDELELSE TIL MEDARBEJDERE I DANMARK ARBEJDSGIVERERKLÆRING I henhold til § 3, stk. 1, i lov om brug af køberet eller tegningsret mv. i ansættelsesforhold som ændret pr. 1. januar 2019 (“Aktieoptionsloven”) er du berettiget til i en særskilt skriftlig erklæring at modtage følgende oplysninger vedrørende tildelingen af Betingede Aktier (“RSU'er”) i henhold til NVIDIA Corporation's (“Selskabets”) "Amended and Restated 2007 Equity Incentive Plan" (“Planen”). Denne erklæring indeholder kun de oplysninger, der er nævnt i Aktieoptionsloven. De nærmere vilkår for tildelingen af RSU'er er beskrevet i Planen samt i øvrige dokumenter, herunder i Global Restricted Stock Unit Agreement om tildeling af betingede aktier og de dertil hørende landetillæg (“Aftalen”), som er udleveret til dig. Begreber, der står med stort begyndelsesbogstav i denne arbejdsgivererklæring, men som ikke er defineret heri, har samme betydning som de begreber, der er defineret i Planen og/eller Aftalen. 1. Tildelingstidspunkt Tidspunktet for tildelingen af RSU'erne er den dag, hvor Bestyrelsen (defineret som Board i Planen og/eller Aftalen) har godkendt tildelingen og fastslået, at den er gyldig.


2. Rights to future RSU grants under the Plan The grant of RSUs under the Plan is made at the sole discretion of the Board. Subject to any limitations under the Plan, the Plan may be wholly or partially amended or otherwise modified, suspended or terminated at any time or from time to time by the Board. Under the terms of the Plan, you have no entitlement or claim to receive future grants of RSUs. 3. Vesting Date The RSUs will vest over a period of time, provided you remain in Continuous Service. The exact vesting conditions applicable to your grant will be set forth in your Agreement. Your RSUs shall be converted into shares of Common Stock upon vesting. 4. Exercise Price You pay no monetary consideration to receive the RSUs nor do you pay any price to receive the shares of Common Stock issued upon vesting. 5. Your rights upon termination of employment On the termination of your Continuous Service (for any reason other than death), the RSUs credited to the Account that were not vested on the date of such termination will be forfeited and returned to the Company at no cost to the Company and you will have no further right, title or interest in or to such RSUs or the underlying shares of Common Stock.			2. Ret til fremtidige RSU-tildelinger i henhold til Planen Tildelingen af RSU'er i henhold til Planen sker efter Bestyrelsens eget skøn. Bestyrelsen kan til enhver tid ændre, modificere, suspendere eller ophæve Planen helt eller delvist med de begrænsninger, der fremgår af Planen. I henhold til Planens bestemmelser har du ikke nogen ret til eller noget krav på fremover at få tildelt RSU'er. 3. Modningsdato RSU'erne modnes over tid, forudsat, at du fortsat indgår i et Løbende Ansættelsesforhold (defineret som Continuous Service i Planen og/eller Aftalen). De nærmere modningsbetingelser, som gælder for tildelingen, fremgår af Aftalen. RSU'erne konverteres til Ordinære Aktier (defineret som Common Stock i Planen og/eller Aftalen) ved modning. 4. Udnyttelseskurs Du skal ikke betale noget vederlag for RSU'erne, ligesom du ikke skal betale noget for at modtage de Ordinære Aktier ved modning. 5. Din retsstilling i forbindelse med fratræden Ved ophør af dit Løbende Ansættelsesforhold (uanset årsag, medmindre du afgår ved døden) bortfalder eventuelle RSU'er, som er krediteret Kontoen (defineret som Account i Planen og/eller Aftalen), og som ikke er modnet på ophørsdatoen, og føres tilbage til Selskabet uden omkostninger for Selskabet, og du vil ikke længere have nogen ret,


6. Financial aspects of participating in the Plan The grant of RSUs has no immediate financial consequences for you. The value of the RSUs is not taken into account when calculating any severance, resignation, termination, redundancy, dismissal, end-of-service payments, bonuses, long-service awards, holiday allowances, pension or retirement or welfare benefits or similar payments or other statutory consideration calculated on the basis of salary. Shares of Common Stock are financial instruments and investing in shares of Common Stock will always have financial risk. The possibility of profit at the time you sell shares of Common Stock will not only be dependent on the Company’s financial development, but also on the general development of the stock market, among other things. The future value of the shares of Common Stock is unknown, indeterminable and cannot be predicted with certainty. NVIDIA Corporation Santa Clara, California, United States			adkomst eller interesse i disse RSU'er eller i de bagvedliggende Ordinære Aktier. 6. Økonomiske aspekter ved deltagelse i Planen Tildelingen af RSU'er har ingen umiddelbare økonomiske konsekvenser for dig. Værdien af RSU'erne indgår ikke i beregningen af nogen former for fratrædelsesgodtgørelse, godtgørelse for usaglig afskedigelse eller anden godtgørelse, bonus, belønning for tro tjeneste, feriepenge, pension, sociale ydelser eller lignende betalinger eller andre lovpligtige, vederlagsafhængige ydelser. Ordinære Aktier er finansielle instrumenter, og investering i Ordinære Aktier vil altid være forbundet med en økonomisk risiko. Muligheden for en gevinst på det tidspunkt, hvor du sælger de Ordinære Aktier, afhænger ikke alene af udviklingen i Selskabets aktiekurs, men også af bl.a. den generelle udvikling på aktiemarkedet. Den fremtidige værdi af de Ordinære Aktier kendes ikke og kan ikke forudsiges med sikkerhed. NVIDIA Corporation Santa Clara, California, United States


You hereby explicitly, voluntarily and unambiguously consent to the collection, use and transfer, in electronic or other form, of your personal data as described in this Agreement and any other award documentation by and among, as applicable, the Company, the Service Recipient and any other Affiliate or any third parties authorized by same in assisting in the implementation, administration and management of your participation in the Plan. You may have previously provided the Company and the Service Recipient with, and the Company and the Service Recipient may hold, certain personal information about you, including, but not limited to, your name, home address, email address and telephone number, date of birth, social insurance number, passport number or other identification number, salary,			Anda dengan ini secara eksplicit, secara sukarela dan tanpa sebarang keraguan mengizinkan pengumpulan, penggunaan dan pemindahan, dalam bentuk elektronik atau lain-lain, data peribadi anda seperti yang dinyatakan dalam Perjanjian ini dan apa-apa dokumentasi anugerah lain oleh dan di antara, sepertimana yang berkenaan, Syarikat, Penerima Perkhidmatan dan mana-mana Syarikat Sekutu lain atau mana-mana pihak ketiga yang diberi kuasa oleh yang sama untuk membantu dalam pelaksanaan, pentadbiran dan pengurusan penyertaan anda dalam Pelan. Sebelum ini, anda mungkin telah membekalkan Syarikat dan Penerima Perkhidmatan dengan, dan Syarikat dan Penerima Perkhidmatan mungkin memegang, maklumat peribadi tertentu tentang anda, termasuk, tetapi tidak terhad kepada, nama anda, alamat rumah, alamat e-mel dan nombor telefon, tarikh lahir, nombor insurans sosial, nombor pasport atau nombor


nationality, job title, any shares of Common Stock or directorships held in the Company, the fact and conditions of your participation in the Plan, details of all Restricted Stock Units or any other entitlement to shares of Common Stock awarded, cancelled, exercised, vested, unvested or outstanding in your favor (“Data”), for the exclusive purpose of implementing, administering and managing the Plan. You also authorize any transfer of Data, as may be required, to Charles Schwab & Co., Inc. and certain of its affiliates ("Schwab"), or such other stock plan service provider as may be selected by the Company in the future, which is assisting the Company with the implementation, administration and management of the Plan and/or with whom any shares acquired upon vesting of the Restricted Stock Units are deposited. You acknowledge that these recipients may be located in your country or elsewhere, and that the recipient’s country (e.g., the United States) may have different data privacy laws and protections to your country, which may not give the same level of protection to Data. You authorize the Company, Schwab and any other possible recipients which may assist the Company (presently or in the future) with implementing, administering and managing your participation in the Plan to receive, possess, use, retain and transfer Data, in electronic or other form, for the sole purpose of implementing, administering and managing your participation in the Plan.			pengenalan lain, gaji, kewarganegaraan, jawatan, apa-apa syer dalam Saham Biasa atau jawatan pengarah yang dipegang dalam Syarikat, fakta dan syarat-syarat penyertaan anda dalam Pelan, butir-butir semua Unit-unit Saham Terbatas atau apa-apa hak lain untuk syer dalam Saham Biasa yang dianugerahkan, dibatalkan, dilaksanakan, terletak hak, tidak diletak hak ataupun yang belum dijelaskan bagi faedah anda (“Data”), untuk tujuan eksklusif bagi melaksanakan, mentadbir dan menguruskan Pelan. Anda juga memberi kuasa untuk membuat apa-apa pemindahan Data, sebagaimana yang diperlukan, kepada Charles Schwab & Co., Inc. dan sekutu-sekutu tertentunya ("Schwab"), atau pembekal perkhidmatan pelan saham lain sebagaimana yang dipilih oleh Syarikat pada masa depan, yang membantu Syarikat dalam pelaksanaan, pentadbiran dan pengurusan Pelan dan/atau dengan sesiapa mana-mana syer yang diperolehi selepas peletakan hak Unit-unit Saham Terbatas didepositkan. Anda mengakui bahawa penerima-penerima ini mungkin berada di negara anda atau di tempat lain, dan bahawa negara penerima (contohnya, Amerika Syarikat) mungkin mempunyai undang-undang privasi data dan perlindungan yang berbeza daripada negara anda, yang mungkin tidak boleh memberi tahap perlindungan yang sama kepada Data. Anda memberi kuasa kepada Syarikat, Schwab dan mana-mana penerima lain yang mungkin membantu Syarikat (masa sekarang atau pada masa depan) untuk melaksanakan, mentadbir dan menguruskan penyertaan anda dalam Pelan untuk menerima, memiliki, menggunakan, mengekalkan dan memindahkan Data, dalam bentuk elektronik atau lain-lain, semata-mata dengan tujuan untuk melaksanakan, mentadbir dan menguruskan penyertaan anda dalam Pelan.


You understand that you may request a list with the names and addresses of any potential recipients of Data by contacting your local human resources representative. You understand that Data will be held only as long as is necessary to implement, administer and manage your participation in the Plan. You understand that you may, at any time, view Data, request additional information about the storage and processing of Data, require any necessary amendments to Data or refuse or withdraw the consents herein, in any case, without cost, by contacting in writing your local human resources representative. Further, you understand that you are providing the consents herein on a purely voluntary basis. If you do not consent, or if you later seek to revoke the consent, your employment status and career with the Service Recipient will not be affected; the only consequence of refusing or withdrawing the consent is that the Company would not be able to grant future Restricted Stock Units or other equity awards to you or administer or maintain such awards. Therefore, you understand that refusing or withdrawing your consent may affect your ability to participate in the Plan. For more information on the consequences of the refusal to consent or withdrawal of consent, you understand that you may contact NVIDIA-StockAdmin@nvidia.com.			Anda memahami bahawa anda boleh meminta senarai nama dan alamat mana-mana penerima Data yang berpotensi dengan menghubungi wakil sumber manusia tempatan anda. Anda faham bahawa Data akan dipegang hanya untuk tempoh yang diperlukan untuk melaksanakan, mentadbir dan menguruskan penyertaan anda dalam Pelan. Anda memahami bahawa anda boleh, pada bila-bila masa, melihat Data, meminta maklumat tambahan mengenai penyimpanan dan pemprosesan Data, meminta apa-apa pindaan yang perlu dilaksanakan ke atas Data atau menolak atau menarik balik persetujuan dalam ini, dalam mana-mana kes, tanpa kos, dengan menghubungi secara bertulis wakil sumber manusia tempatan anda. Selanjutnya, anda memahami bahawa anda memberikan persetujuan di sini secara sukarela. Jika anda tidak bersetuju, atau jika anda kemudian membatalkan persetujuan anda, status pekerjaan dan kerjaya anda dengan Penerima Perkhidmatan tidak akan terjejas; satu-satunya akibat jika anda tidak bersetuju atau menarik balik persetujuan anda adalah bahawa Syarikat tidak akan dapat memberikan Unit-unit Saham Terbatas pada masa depan atau anugerah-anugerah ekuiti lain kepada anda atau mentadbir atau mengekalkan anugerah-anugerah tersebut. Oleh itu, anda memahami bahawa keengganan atau penarikan balik persetujuan anda boleh menjejaskan keupayaan anda untuk mengambil bahagian dalam Pelan. Untuk maklumat lanjut mengenai akibat keengganan anda untuk memberikan keizinan atau penarikan balik keizinan, anda memahami bahawa anda boleh menghubungi NVIDIA-StockAdmin@nvidia.com.