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Yes, this is not going to work without a card as a reward.

The problem is making an ASIC and going to production will cost much, much, much more than 200k$. At that price you pay for one batch of MPW.

The only way they could do that is if they knew they could market their GPU to a broader audience and sell many units. The problem is I don't see who could be interested in buying a low-perf stand-alone PCI GPU which may very well end up costing more than a TegraII due to the small number of units.

They could ship an FPGA card, although backers would probably get sticker shock at paying ~$1,000 for a 1998 graphics card.

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