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“I wonder if the netbook is not enough satisfaction for a PC, not enough battery life to be mobile? I kind of feel like the netbook is a ‘tweener’,” Chief Executive Jen-Hsun Huang said on Monday on the sidelines of a conference on the Stanford University campus, later adding that he thought netbooks would be replaced by “smartbooks.”

That would be great for Nvidia Corp, since it is making ARM-based chips for smartbooks while its rival Intel Corp’s Atom powers most netbooks. The bet on lower-power ARM chips is that consumers will privilege battery life over computing power.