Nvidia CEO expects global chip shortage to last into next year

Jensen Huang thinks “demand is going to far exceed supply” amidst ongoing GPU production constraints

Nvidia CEO Jensen Huang expects the current global chip shortage to impact the company's production line into the next couple of years.

Speaking to Yahoo, Huang said that he expects "demand to far exceed supply" through to 2022, particularly the demand for graphics cards.

Nvidia released its latest line of 30 series cards in October last year, and has experienced shortages since then.

"We don't have any magic bullets in navigating the supply chain," Huang said. "We have the support of our suppliers. We're fortunate that we're multi-sourced and that our supply chain is diverse and our company is quite large so we have the support of a large ecosystem around us."

The company's expectations also line up with the predictions of several other manufacturing firms; a director at Toshiba recently stated that the supply will remain tight until September 2022 at the very least.

Intel CEO Pat Gelsinger also told Yahoo last month that the company expects shortages to last into 2023.

The chip shortage is also still impacting console production, Xbox boss Phil Spencer said that the company is "working hard to bring them to market but it's going to be a challenge that we'll work through for quite a while."

Meanwhile, Sony has lowered its production target for the fiscal year by around one million PS5 consoles to reflect ongoing manufacturing constraints.

Nintendo is also not exempt from shortages; the Japanese firm has also stated that the "semiconductor situation is having some effect on hardware development", and as such, it has also scaled back its full-year production estimates.

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