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

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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
News Writer and apps editor

Sean Endicott brings nearly a decade of experience covering Microsoft and Windows news to Windows Central. He joined our team in 2017 as an app reviewer and now heads up our day-to-day news coverage. If you have a news tip or an app to review, hit him up at sean.endicott@futurenet.com.