Nvidia reportedly won’t release a new gaming graphics chip this year, a first
For the first time in its history, Nvidia will not release a new gaming graphics card this year, according to reporting by The Information.
The move comes amid a global shortage of memory chips as AI compute demand squeezes the market. Nvidia is also reportedly slashing production of its current gaming chips.
This follows Micron’s announcement in December that it plans to exit the consumer chip business.
As chipmakers redirect production toward the more lucrative AI business and PC gaming gets more expensive, price hikes could also soon come for console gaming. On Wednesday night, Valve — which owns Steam — announced it would delay the release of its forthcoming Steam Machine console, citing rising memory costs.
“When we announced these products in November, we planned on being able to share specific pricing and launch dates by now. But the memory and storage shortages you’ve likely heard about across the industry have rapidly increased since then. The limited availability and growing prices of these critical components mean we must revisit our exact shipping schedule and pricing,” the company said.
On Tuesday, Nintendo President Shuntaro Furukawa said that memory prices could impact profitability if costs remain high long-term. Sony on Wednesday said it expects memory costs to have some impact on PS5 sales.
This follows Micron’s announcement in December that it plans to exit the consumer chip business.
As chipmakers redirect production toward the more lucrative AI business and PC gaming gets more expensive, price hikes could also soon come for console gaming. On Wednesday night, Valve — which owns Steam — announced it would delay the release of its forthcoming Steam Machine console, citing rising memory costs.
“When we announced these products in November, we planned on being able to share specific pricing and launch dates by now. But the memory and storage shortages you’ve likely heard about across the industry have rapidly increased since then. The limited availability and growing prices of these critical components mean we must revisit our exact shipping schedule and pricing,” the company said.
On Tuesday, Nintendo President Shuntaro Furukawa said that memory prices could impact profitability if costs remain high long-term. Sony on Wednesday said it expects memory costs to have some impact on PS5 sales.
