Simply put:  Andrew (EVGA CEO) has left the door open for Nvidia to come back to the table and have some closed door talks and fix this broken partnership, the posturing of EVGA is evident below.
 
What do I mean by this?  The main reason I say this is because it was CLEARLY STATED that EVGA would NOT be making AMD or Intel cards.  Had EVGA said that they *would* be working with AMD or Intel, that would absolutely be shutting the door on Nvidia.   To me, EVGA is playing a game of Texas Hold'em with Nvidia.  
 
There is some other evidence worth talking about.  Much of this came from the GamersNexus and Jayz2Cents videos that dropped at virtually the same time (more on this below).
Gamers Nexus vid, "EVGA Terminates NVIDIA Partnership, Cites Disrespectful Treatment"  https://www.youtube.com/watch?v=cV9QES-FUAM&t=860s
Jayz2Cents vid, "BREAKING NEWS! - EVGA will no longer do business with NVIDIA"   https://www.youtube.com/watch?v=12Hcbx33Rb4&t=797s
(Are there other vids that dropped?  Jay mentions that there were only a few people invited to the meeting with EVGA's secret closed door meeting)
 
Additional facts:

• Andrew (EVGA) threw all his cards on the table with the GN/Jayz interview and went ALL IN.  This seemed like a controlled press release (which it was), but there are still some unanswered questions. 
  • EVGA is a very secretive/private company that doesn't let much out.  Being that they were willing to discuss things like pricing and margins shows that they are going ALL-in on this.  
  • It seems like they are working to get the customers on their side.  Hence the notes on how tight Margins were on GPUs.
• EVGA already works with AMD - as pointed out in the GN/Jayz videos, EVGA already has a working relationship with AMD since they MFG AMD Motherboards.  Very odd that they wouldn't just pivot to AMD.  The only explanation here is if Andrew is leaving that door open for Nvidia to come back to the table.
• Timing
  • Both videos mentioned above, along with the Official EVGA statement dropped at virtually the same time, 1pm PST on 9/16
    • It was mentioned that the release of this Breaking News was under embargo (NDA?) and that the timing was controlled.  Why does this matter?
      • Nvidia: NVDA is traded on the Nasdaq which closes at 4pm EST (1pm PST).  The Breaking news that came out Friday seems like a controlled media release after the market closed.  It is Worth mentioning that as of this morning, Wall street has not reacted negatively to this EVGA news and Nvidia's stock price is relatively flat.
  • The timing of this release also comes into play with Nvidia's GTC event happening this week.  Obviously behind the scenes of this event, this is what is being talked about and this news is egg on the face of Nvidia.  Jensen has a keynote on Tuesday, so this announcement on Friday probably ruined his weekend.  
  • To me, the timing of the release is strategic and gives a little bit of leverage to EVGA in getting Nvidia attention and getting them to come back to the table
• EVGA Employees - It was mentioned in the GN/Jayz videos that job loss would "be minimal" and that most employees would transition to other parts of the business
  • To me, this seems like EVGA wants to retain their talent in the GPU space.  As pointed out in the videos above, it makes no (business) sense to keep these employee's on payroll if there is no work for them.  If these highly talented people went to other AIB's or parts of the industry, EVGA would lose part of the magic that makes EVGA who they are.
• Working 40 series prototype - As mentioned in the GN/Jaz vid, The work is largely done on 40 series.  EVGA has likely spent a large amount of time/money RnDing/developing 40 series boards up until this point.  Based on rumors and what is expected to come out, they are probably at the point where they need to put in some purchase orders with Nvidia for 40 series chips.  EVGA's grievances - I would agree after watching the video's above, that EVGA has some legitimate and multiple concerns that should be addressed.   Getting "out-priced" by your supplier is certainly a huge issue and not sustainable.
  • Why is Nvidia doing this?  (My assumption:)  Because they over forecasted GPU/chip demand.  To be fair, it sounds like EVGA (and everyone in the industry) did the same with how much 30 series they purchased and are sitting on.  The key here is that nobody knew about the prefect storm of the economy crashing/crypto diving and a complete 180 from where we were are a year prior.  More below:

How did we get here?  The first tell that there were issues brewing was from articles posted in early July indicating that Nvidia would be asking TSMC to push back delivery of 40 series chips.  https://www.tomshardware.com/news/amd-apple-nvidia-reportedly-reducing-5nm-tsmc-orders
In hindsight, this was a HUGE tell that there would be overstock on 30 series inventory situations through Summer.  Nobody could predict that there would be an overstock, but now Nvidia (and AIB's) have an issue at hand.  If the AIB's aren't willing to purchase these chips, then Nvidia is on the hook for them, hence why we are seeing so many FE cards flood the market at crazy prices. 
 
At the end of the day,  EVGA certainly needs Nvidia, but Nvidia also needs EVGA.  You can't simply replace the equity, blood sweat and tears that EVGA has done for Nvidia and the GPU industry, and EVGA is a huge part of Nvid's gaming GPU portfolio. Everyone needs to come back to the table to work this out, get those factories pumping and get us some 4090's by Christmas time.  Not saying this will happen, but there is certainly hope for the possibility that things could be worked out and we could be seeing Breaking news that "EVGA and Nvid have worked out their differences" and 40 series is back on the production schedule with EVGA.

Wet dream.

I do not see it happening. Watch the Gamers Nexus video Patrick asked Andrew Han the right questions. Then look at the AIB profits vs nvidia's profits. Nvidia wants sole control of their cards and will eventually push the AIB's out becoming the Apple/Tesla of their GPU's. They really want the Geforce Now business model rent a GPU with a monthly fee. Subscription based gpu rentals over the net will yield them more cash than gamers who buy individual cards.
Andrew Han even said the profit margin with nvidia is not worth his trouble anymore, the man is in his 60's and just wants to chill. He is able to walk away without debt. Maybe keep enough of the company for small stuff like Corsair does. But the GPU market he continues with it eventually being debt free will catch up with him operating in the negatives is always bad for your pocket evga is very much in his back pocket being the sole owner at this point. It is best he pulls out now even though we may not agree with it walking away scot-free with all his money. Have thought about it and as someone who owned a business and sold taking care of my employees first and foremost before handing my business over. Andrew Han really did pick the right course of action for himself as the chips lay now.
Since cutting the partnership and not doing GPU's this is where Andrew Han will decide if the side products are profitable enough to keep some kind of operation going. If not he can close shop and still sail away into the sunset financially set fully into his retirement.

You spoke a lot based upon videos and assumptions.  No, it's not gong to happen.   A few things.  Andrew Han wants to spend more time with family.   Things between EVGA and NVIDIA aren't changing before Christmas.  And lastly with the shortages worldwide on silicon, the increasing tensions with Taiwan and China, not to mention Taiwan let go 20% of their workforce, it's done.  The decision was probably done months ago.

I will just wait and observe. This could end up a crash n burn. 

EVGA will not produce any graphics cards anymore. 

CraptacularOne
If EVGA announced they would be releasing AMD/Intel GPUs it would have no bearing on whether or not they would return to making Nvidia cards.  
 

I agree, this would be true under most business circumstances, but remember that EVGA and Nvidia have partnership going back 23 years, which is ancient in the GPU space.  From my perspective, it seems like there was an unofficial "gentleman's agreement" between the two.  To quote Andrew Han:  "Because of the partnership, at least I don't betray them".   It was just always known that EVGA had no previous plans to ever produce an AMD card.   I've seen the question asked here on the forums going years back and official responses was that they would not.  
 

CraptacularOne
People thought the same thing regarding AMD motherboards since EVGA was Intel specific, yet here we are with an EVGA X570 board and they still continue to make Intel boards. EVGA doesn't have to be exclusive to Nvidia, just like they aren't exclusive to Intel anymore.

 
Nvidia doesn't produce motherboards so it is a mute point.  There was never a perceived conflict of interest.  EVGA producing AMD motherboards has no bearing on Nvidia's GPU business.
 

Delirious
 Andrew Han wants to spend more time with family.   Things between EVGA and NVIDIA aren't changing before Christmas.  

That is the most arrogant, selfish, and unacceptable, announcement I ever heard.
CEO is (over)paid to spend his time benefiting corporation in general: including assets, workers, shareholders etc.
CEO role is 100% dedication to the job-related activities, as so many people depend on his decisions, effectives, foreseeing chances and troubles etc.
Retirement is the right way to spend more time with family.
 
I am furious that EVGA won't have 4k GPU as it seems those new cards will be quite better and cheaper than 3k cards.
Lovelace architecture, which uses a custom TSMC 4nm process node should scream performance wise.
 
Will try to get FE 4080 16GB 

dragomirc

Delirious
 Andrew Han wants to spend more time with family.   Things between EVGA and NVIDIA aren't changing before Christmas.  

That is the most arrogant, selfish, and unacceptable, announcement I ever heard.
CEO is (over)paid to spend his time benefiting corporation in general: including assets, workers, shareholders etc.
CEO role is 100% dedication to the job-related activities, as so many people depend on his decisions, effectives, foreseeing chances and troubles etc.
Retirement is the right way to spend more time with family.
 
I am furious that EVGA won't have 4k GPU as it seems those new cards will be quite better and cheaper than 3k cards.
Lovelace architecture, which uses a custom TSMC 4nm process node should scream performance wise.
 
Will try to get FE 4080 16GB 

 
He is the Owner & CEO.  EVGA is privately owned, if there are any outside investors - that information in Not public
 
 
B0baganoosh, posted while I was typing

donta1979
Nvidia wants sole control of their cards and will eventually push the AIB's out becoming the Apple/Tesla of their GPU's. They really want the Geforce Now business model rent a GPU with a monthly fee. Subscription based gpu rentals over the net will yield them more cash than gamers who buy individual cards.

the GeForce Now concept is very promising, but it has multiple issues they are going to need to work through and it still cannot replace having a top end physical GPU in a computer.  Publishing rights are going to be another big issue for them and it really pigeonholes people into playing only certain games and publishers to signing ridiculous Nvidia contracts.  
 

donta1979
Andrew Han even said the profit margin with nvidia is not worth his trouble anymore, the man is in his 60's and just wants to chill. He is able to walk away without debt. Maybe keep enough of the company for small stuff like Corsair does. But the GPU market he continues with it eventually being debt free will catch up with him operating in the negatives is always bad for your pocket evga is very much in his back pocket being the sole owner at this point. It is best he pulls out now even though we may not agree with it walking away scot-free with all his money. Have thought about it and as someone who owned a business and sold taking care of my employees first and foremost before handing my business over. Andrew Han really did pick the right course of action for himself as the chips lay now.
Since cutting the partnership and not doing GPU's this is where Andrew Han will decide if the side products are profitable enough to keep some kind of operation going. If not he can close shop and still sail away into the sunset financially set fully into his retirement.

I do not see Andrew just riding off into the sunset in this manner.  Why would you want to watch your company that you have spent decades building a solid reputation become some obscure name in the space that only produces peripherals and slaps stickers on PSUs?  
 
The company just in customer equity and employee talent factor alone is worth way more than that.  Andrew is not selling the company as of today, but if something doesn't happen in the next 6 months to a year, I could see the company put up for sale.  GN's mentions this at the end of their video and I agree that the clock is ticking.   But it is also ticking for Nvidia, as EVGA not placing orders for 40 series chips will affect it's bottom line once quarterly earnings come out.  Additionally Nvidia has an mountain of 40 series chips that they are going to need to take receipt of from TSMC by Q1 23.  EVGA has leverage to get Nvidia back to the table.

B0baganoosh
 
Uhh...maybe for a publicly traded company. EVGA is not that. CEO is also the owner. It's his business. He can do as he pleases. If he thinks this decision is best for him, his family, and his staff (or any combination of the three), it's his choice to make.

Cool GTX
 
He is the Owner & CEO.  EVGA is privately owned, if there are any outside investors - that information in Not public

Thanks guys, I wasn't aware that he owns EVGA 

It was Nvidia chipsets then and it was like 15 years ago

dragomirc

Delirious
 Andrew Han wants to spend more time with family.   Things between EVGA and NVIDIA aren't changing before Christmas.  

That is the most arrogant, selfish, and unacceptable, announcement I ever heard.
CEO is (over)paid to spend his time benefiting corporation in general: including assets, workers, shareholders etc.
CEO role is 100% dedication to the job-related activities, as so many people depend on his decisions, effectives, foreseeing chances and troubles etc.
Retirement is the right way to spend more time with family.
 
I am furious that EVGA won't have 4k GPU as it seems those new cards will be quite better and cheaper than 3k cards.
Lovelace architecture, which uses a custom TSMC 4nm process node should scream performance wise.
 
Will try to get FE 4080 16GB 

I am the CEO of my company.  I own it.   And I don't give a rats about anything less when it comes to my family.   If I spent all my time at work and neglected my family,  I'd be making some changes.   Hopefully you have your own family and can relate.    Sometimes certain facets of business just become a pain (NVIDIA) and I can see making the choice to say the hell with it.

yaymz

Delirious

dragomirc

Delirious
 Andrew Han wants to spend more time with family.   Things between EVGA and NVIDIA aren't changing before Christmas.  

That is the most arrogant, selfish, and unacceptable, announcement I ever heard.
CEO is (over)paid to spend his time benefiting corporation in general: including assets, workers, shareholders etc.
CEO role is 100% dedication to the job-related activities, as so many people depend on his decisions, effectives, foreseeing chances and troubles etc.
Retirement is the right way to spend more time with family.
 
I am furious that EVGA won't have 4k GPU as it seems those new cards will be quite better and cheaper than 3k cards.
Lovelace architecture, which uses a custom TSMC 4nm process node should scream performance wise.
 
Will try to get FE 4080 16GB 

I am the CEO of my company.  I own it.   And I don't give a rats about anything less when it comes to my family.   If I spent all my time at work and neglected my family,  I'd be making some changes.   Hopefully you have your own family and can relate.    Sometimes certain facets of business just become a pain (NVIDIA) and I can see making the choice to say the hell with it.

"Andrew Han wants to spend more time with family. " - I think this was a poor response or poor excuse as a catalyst to getting out of the GPU space.  Everyone knows that any successful business "Owner/CEO" that has grown an empire and are getting close to retirement age typically brings in a new President/CEO to run the company and the owner typically transitions to a board seat (in this case Chairman).
 

pretty much.  "spending time with family" is what you say when you're about to get fired or have been fired but are externally visible and you need a cover story that no one will attack.

yaymz

Delirious

dragomirc

Delirious
 Andrew Han wants to spend more time with family.   Things between EVGA and NVIDIA aren't changing before Christmas.  

That is the most arrogant, selfish, and unacceptable, announcement I ever heard.
CEO is (over)paid to spend his time benefiting corporation in general: including assets, workers, shareholders etc.
CEO role is 100% dedication to the job-related activities, as so many people depend on his decisions, effectives, foreseeing chances and troubles etc.
Retirement is the right way to spend more time with family.
 
I am furious that EVGA won't have 4k GPU as it seems those new cards will be quite better and cheaper than 3k cards.
Lovelace architecture, which uses a custom TSMC 4nm process node should scream performance wise.
 
Will try to get FE 4080 16GB 

I am the CEO of my company.  I own it.   And I don't give a rats about anything less when it comes to my family.   If I spent all my time at work and neglected my family,  I'd be making some changes.   Hopefully you have your own family and can relate.    Sometimes certain facets of business just become a pain (NVIDIA) and I can see making the choice to say the hell with it.

"Andrew Han wants to spend more time with family. " - I think this was a poor response or poor excuse as a catalyst to getting out of the GPU space.  Everyone knows that any successful business "Owner/CEO" that has grown an empire and are getting close to retirement age typically brings in a new President/CEO to run the company and the owner typically transitions to a board seat (in this case Chairman).
 

I don't think it was a catalyst as much as the way NVIDIA acted in association with EVGA.  It was just an added reason and not in and of itself.   Not every business owner wants to sell out their business to someone else that will take it into a direction that He may not want it to look like.   The GN video mentioned he didn't want this.