While no official announcement has yet been made, sources very close to NVIDIA are claiming that the company is ready to acquire a company called Pace Soft Silicon. Based in India, Pace Soft Silicon develops multimedia applications for small mobile devices, such as mobile phones and small PDAs. The company has seen a great deal of success and its market focus puts it in a very high-advantage position.

Considering that portable CE devices are gaining incredible market acceptance, NVIDIA eminent decision to acquire Pace Soft Silicon compliments its current strategies. Pace Soft Silicon's portfolio has also recently grown in scope. The company now develops hardware decoding applications for such things as H.264, and now even designs mobile processors. Pace Soft Silicon's impressive list of customers is also an indication of where significant software development is taking place. Notable companies such as ASUS, Microsoft, Motorola, Samsung, Sharp and Symbian all use products and services from Pace Soft Silicon.
 
A great deal of Indian-based companies are focusing more on developing software intellectual properties (IP) where traditionally these developments were happening in the US and other countries. Search giant Google has programs in place to hire many Indian-educated people and the trend continues to grow.

More about Pace Soft Silicon can be found here. No details were given on the actual value of NVIDIA's buyout.