Nvidia CEO Expects Microchip Shortage to Last Longer Still

Youve probably heard about the microchip shortage by now. Its affected nearly every corner of tech-related markets. Unfortunately, Nvidia doesnt have high hopes that the shortage will end soon.

For those not super familiar: When the pandemic hit the hardest, a number of factories closed down. This included those making the parts to produce electronic microchips. These chips are used in everything from computers to cars. Demand for the chips stayed high, while production was hurt. So as the existing supply of microchips started to dwindle, we found ourselves now unable to produce cars and computer parts. This led to limited availability and increased costs. A great example of this can be seen with game consoles like the PlayStation 5, which remains difficult for normal folks to get a hold of even now, over a year after release.

The CEO of Nvidia, Jensen Huang, recently spoke with Yahoo about the issue. According to their predictions, demand will far exceed supply through the year and deep into 2022. They found this particularly true with computer graphics cards.

We don't have any magic bullets in navigating the supply chain. 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.

This lines up with other companies, such as Toshiba, who have issued similar statements concerning how long the shortage will last. Intel expects it to last into 2023, even.

This is unfortunate, but not unexpected news. While Huang isnt exactly the de-facto source for this kind of information, theyre certainly in a position of authority on such topics. Our sympathies to anyone trying to get a hold of an RTX 3080 or one of the current generation consoles; its not going to get any easier for a while still.