The American company EVGA was founded in 1999 and is best known as one of the leading manufacturers of video cards from Nvidia. Therefore, the current news came like a bolt from the blue. After many years of cooperation, the company ends its cooperation with Nvidia and completely leaves the GPU segment.
We got the information not even directly from EVGA, but through the popular YouTube channel Gamers Nexus, whose editors went straight to EVGA headquarters to interview management. The reason for the termination of cooperation in the first place is the behavior of Nvidia. EVGA complains, for example, that it did not know the prices of individual models in advance and learned them almost simultaneously with customers. The problem also had to be high-end cards, which the company had to sell at a loss in order to be able to compete with reference cards directly from Nvidia. According to Gamers Nexus, the decision is also personal, as CEO Andrew Hahn wants to spend more time with his family, but on the other hand, he does not want to sell the company to anyone.
EVGA will now sell its inventory but no longer make GPUs. While the company has already built a few samples of the RTX 4090, they will never see the market. Customers can still count on support and possible complaints, but that’s it, and EVGA doesn’t even plan to merge with Intel or AMD, it’s just leaving the video card market for good.
However, the company as such will not disappear. While graphics make up almost 80% of its revenue, it also makes other products, mainly power supplies, which EVGA says are also more profitable. The company does not want to develop new industries, which raises the question of what to do with the released employees? EVGA employs just over 250 people, and most of them work in the GPU segment. The management assures that there will be no layoffs, but so far it seems that sooner or later many people will simply lose their jobs, because they will have nothing to do in the company.
Source :Indian TV
