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Nvidia CEO Says Worldwide Chip Shortages Will Proceed All through 2022

Nvidia CEO Says Worldwide Chip Shortages Will Proceed All through 2022

Nvidia CEO Says Worldwide Chip Shortages Will Continue Throughout 2022

Jensen Huang, the CEO of Nvidia, has stated that the continuing worldwide chip shortages are more likely to proceed all through 2022, thus impacting the provision line for PS5 and Xbox Sequence X/S.

Talking with Yahoo! Finance, Huang reckons that demand goes to exceed provide, though for Nivida, the corporate is “lucky that we’re multi-source and that our provide chain is numerous.”

I feel that by the subsequent 12 months, demand goes to far exceed provide. We don’t have any magic bullets in navigating the provision chain. We have now the assist of our suppliers. We’re lucky that we’re multi-sourced and that our provide chain is numerous and our firm is sort of giant so we’ve got the assist of a big ecosystem round us.

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Nvidia isn’t the one main firm that expects semiconductor provide points to proceed into subsequent 12 months. Final month, AMD stated that it reckons that provide issues will prolong into 2022.

Provide points have dogged Sony and Microsoft’s new consoles since their launch in November 2020, and Sony has reportedly reduce its manufacturing targets in wake of chip shortages.

[Source – Yahoo! Finance]
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