As a result of over-estimating market trends and over-ordering Nvidia chips, Palit are looking to acquire Galaxy in order to pass the excess stock to a new subsidiary. Galaxy - who don't have their own production facilities - were founded in 1994, and became an add-in board partner for Nvidia in 1999. The company also entered the motherboard market last year. Palit (or Vvikoo in Europe), acquired Gainward in 2005, and ship over 10 million graphics cards a year.

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