EVGA is one of the leading hardware makers in the GPU market and the company has been in partnership with Nvidia for quite a long time. Nearly 80% of the revenue EVGA generates comes from its GPU sales, hence the company terminating its partnership with Nvidia, and not even considering other partnership opportunities with AMD or Intel comes as a shock.
Related: Nvidia misses Q2 expectations for revenue and earnings per share
According to several reliable sources close to EVGA, the company CEO Andrew Han has no plans to sell the company. Per the official forum post on EVGA’s forum; the hardware manufacturer will not “carry the next generation graphic cards” meaning there’ll be no RTX 40xx GPUs carrying the EVGA brand. The company will continue to support the existing products as its not shutting doors and has more than enough supply to provide technical support. EVGA will also continue to sell the current generation GPUs till they burn through the stock.
Stephen Burke, Founder, and Editor-in-chief of Gamers Nexus said he had met with Andrew Han behind closed doors and the CEO told him (and a few select other industry names) in advance that they’re pulling from the GPU space.
According to Gamers Nexus, Han said:
“We’re not going to be on (Nvidia CEO) Jensen’s lap on stage, so I don’t want people to speculate what’s going on when we’re not there. EVGA decided to not carry the next-gen.”
Andrew Han said the termination of the partnership with Nvidia wasn’t a financial decision and happened due to a lack of respect. According to a chart the CEO provided to GN, the company was losing hundreds on RTX GPUs due to Nvidia not providing any pricing information prior to the on-stage announcements.
EVGA will focus on producing other hardware pieces such as power supplies, motherboards, cases, gaming mice, and more. Han said the company is solid financially and will be able to keep most of its workforce despite pulling out of such a huge market for the company.
