Nvidia CFO Colette Kress has revealed that the company believes its ongoing GPU shortage will begin to ease up in the second half of 2022.
As reported by Tom’s Hardware, Kress was speaking at the 24th Annual Needham Growth Conference and gave a promising update regarding the GPU shortage that has made it extremely difficult to obtain Nvidia graphics cards.
“So even throughout all of calendar 2021, we have seen strong demand for GeForce,” Kress said, as transcribed by SeekingAlpha. “And it continues to remain strong and stronger than our overall supply that we have. The holiday demand, for example, was quite strong, particularly in laptops. And we’re still finishing out our quarter. But we’ll look at the end of the quarter in terms of what we’ve seen in terms of channel levels.
“We had seen channel levels be quite lean, and we are working with our supply chain partners to increase the availability of supply. And we feel better about our supply situation as we move into the second half of the calendar year ’22.”
The timeline given appears to lineup with when Nvidia is planning to release its next-generation GeForce 40-series ‘Ada Lovelace’ GPUs, although nothing has been confirmed. Nvidia released its GeForce RTX 30-series in September 2020 and tends to release new graphics cards every two years in the later parts of the year.
This shortage is impacting not just the GPU market, but the challenges brought on by the COVID-19 pandemic and more have caused short supply in PS5s, Xbox Series X/S, and much more.
Intel’s CEO Pat Gelsinger recently said that while he expects this chip shortage to “bottom out in the second half [of 2022], it will take another one to two years before the industry is able to completely catch up with the demand.”
For more, check out Nvidia’s new entry-level desktop GPU known as the RTX 3050 and its newest high-end GPU, the RTX 3090 Ti.
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