The company does not expect to cope with all the demand out there for graphics cards.
By now, you will all know that the pandemic has pleasantly affected semiconductor production around the world. A global shortage of components that affects all technology industriesincluding video games, with products such as PlayStation 5, Xbox X|S Series and the latest models of graphics cards failing to keep up with demand. On this subject, the CEO of NvidiaJensen Huang, who does not expect the situation to improve in the short term.
Some of you may recall that, back in April of this year, companies like Foxconn expected component shortages to last until 2022. Well, with an additional quarter behind them, Nvidia is showing itself to be much more pessimistic when it comes to predicting a return to normality. US manufacturer expects graphics card shortage throughout most of 2022.
“I expect that we will see a supply constrained environment during. the vast majority of next yearthat’s my forecast right now,” the company’s CEO said during its fiscal results presentation, shared by The Verge. While GPU shortages have been the general tone of the past year and a half, between the pandemic and the rise of cryptocurrencies, that Hasn’t affected the bottom line much of Nvidia.
In fact, the company closed in June the best second quarter in its historywith revenue of $6.51 billion (up 68% from a year ago). The company recently launched its new GeForce RTX 3080 Ti and 3070 Ti as a complement to its high-end, and is looking to close a buyout of ARM that is taking much longer than expected.
