EVGA’s decision to stop producing graphics cards came after declining demand as Ethereum bid farewell to Proof of Work.
EVGA has decided to stop production of graphics cards after decreasing demand.
EVGA Decides to Stop Production of Graphics Cards After Merge
EVGA announced that it has stopped the production of graphics cards with the decreasing demand and the corresponding bad financial reports with Ethereum’s Merge. While the company will not produce a new generation graphics card, it will continue to provide support and service to the generations it has already produced.
Speaking to YouTube channel GamersNexus, EVGA CEO Andrew Han said that while graphics cards make up 80 percent of the company’s business, the firm is making 300 percent more margin on power supplies. Han said that EVGA would not even accept the idea of working with Intel or AMD because of the inherent problems with its business model.
Han also told GamersNexus that Nvidia regularly mistreated the company by keeping prices in the dark until the last minute, even though Nvidia cards have 40 percent of the North American market share. It was also said that Nvidia felt it would undermine its partners like EVGA by selling its own first-party branded cards.
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