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NVIDIA CFO says company should be in a 'great position' to meet demand in second half of 2022

NVIDIA GeForce RTX 3080 reviewNVIDIA GeForce RTX 3080 review
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What you need to know

  • NVIDIA's CFO believes the company will be able to meet demands for components in the second half of 2022.
  • It's difficult to purchase a GPU from NVIDIA or any other company at the moment due to the ongoing global chip shortage.
  • NVIDIA has secured long-term commitments to help meet the demand for components going forward.

It's been difficult to purchase the best graphics cards from NVIDIA due to the ongoing global chip shortage, but the company's CFO says that the scene could change by the second half of 2022. NVIDIA's chief financial officer, Colette Kress, discussed the company's ability to meet the demand for graphics cards and other components at the 24th Annual Needham Growth Conference (via The Register).

"We continue to try and get more supply for the latest quarter. But at the same time we are procuring supply commitments for longer term. In many cases they can be for a year out, some of the times they may be for multiple years out," Kress stated.

The CFO's comments don't just refer to the company's ability to ship graphics cards. "It's not just about what we can provide in terms of a GPU. We have to think through the entire system, the system of building a laptop, or workstation, or for example, the DGX," Kress explained. "Will all of those components and pieces be available? How do we help fuel the full ecosystem? So yes, I think we are turning into a new wave that I believe will be helpful in terms of the overall working together."

Kress explains that efforts from NVIDIA may help meet the demand, which currently exceeds the supply of available components.

"We are working, as we've mentioned, in terms of longer-term, getting that supply. In the second half of calendar '22, we believe we'll be in a great position with our overall supply in terms of our estimations of what we will need going forward," said Kress. These remarks align with NVIDIA's previous supply chain stabilization estimates.

NVIDIA has attempted to mitigate the chip shortage's effect on graphics cards by lowering the hash rate of the RTX 3080, 3070, and 3060 Ti when used for crypto mining. The company also launched CMP cards that are designed specifically for crypto mining. These moves were done in an attempt to get graphics cards built for gaming into the hands of gamers.

Sean Endicott
Sean Endicott

Sean Endicott is the news writer for Windows Central. If it runs Windows, is made by Microsoft, or has anything to do with either, he's on it. Sean's been with Windows Central since 2017 and is also our resident app expert. If you have a news tip or an app to review, hit him up at sean.endicott@futurenet.com.

4 Comments
  • If the Biden administration really wanted to help alleviate the chip shortage and start making progress towards their climate goals they would start making moves to ban crypto currency transactions in the United States and pressure other G20 countries to do the same. We already saw China do so and the results were immediately apparent: increased stabilization in government-backed currency markets, a deluge of high-end GPUs dumped back into the market as miners scrambled, and less opportunities for money laundering. It's incredibly disappointing to see China taking the lead on this.
  • Hanley has spoken. Let's imitate China!
  • Even a broken clock is right twice a day.
  • Uh no thanks