Nvidia has denied reports that it’s planning to exit the chipset business, saying it has “no intention of getting out of the chipset business".

This follows a report late last week by Digitimes that claimed the firm was poised to leave the market.

However, Nvidia has since stated that Digitimes’ report is false and “completely groundless”.

On the contrary, Nvidia said that its media and communication processors (MCP) unit is “as strong as it has ever been for both AMD and Intel platforms”.

The firm also said it’s looking forward to bringing “new and very exciting MCP products to the market” for both Intel and AMD platforms.