2023/07/08 03:00:29
Hoggle
EVGATech_ChrisB
Hello,

We have seen false internet rumors today regarding our ongoing operations.

EVGA announced back in September of 2022 that it was leaving the GPU market but would continue its other lines of businesses.

EVGA continues to build & sell PSU, as well as its line of Z790 motherboards, capture devices, mice and keyboards.

EVGA continues to support and warranty all of its products to its customers.

Consistent with our prior announcement, EVGA has scaled down some operation and some employees have resigned. EVGA wishes them all the best in their future endeavors.

Postings suggested that Vince “Kingpin” has left EVGA. This is false. Kingpin remains with EVGA.

EVGA’s operations are continuing with no change to our commitment to our customers.

Thank you.




I think a lot of people think the sky is falling with EVGA getting out of the GPU market. This of course has caused some staff to leave since if you want a career that is GPU focused you no longer have a reason to be at EVGA. I am glad to hear Kingpin is still at EVGA since he seems pretty cool from the videos I have seen of him but I wouldn't have been shocked if he decided to leave since a lot of what he does is GPU focused.
2023/07/08 06:24:51
Epsolike
Shraf2k
Airwolf24
I was curious what the evga X670/E motherboards gonna look like but it seems like it's not gonna happen since the bios team is moving on 


way back when am5 launched jacob said they wouldnt be releasing a board for this first AMD generation. tbh, they make OC performance based mobos and there isnt a huge market for that from what i see, everyone wants B650's for cheap so they can run their x3d chips on 6000mt ram...  


This is inaccurate, not only Jacob confirmed it last year but i think a forum Tech or Admin did aswell.
https://twitter.com/GeForce_JacobF/status/1583516246938554370
They were absolutely planned, but obviously not coming anymore.
2023/07/08 06:33:08
MSim
Hoggle
EVGATech_ChrisB
Hello,

We have seen false internet rumors today regarding our ongoing operations.

EVGA announced back in September of 2022 that it was leaving the GPU market but would continue its other lines of businesses.

EVGA continues to build & sell PSU, as well as its line of Z790 motherboards, capture devices, mice and keyboards.

EVGA continues to support and warranty all of its products to its customers.

Consistent with our prior announcement, EVGA has scaled down some operation and some employees have resigned. EVGA wishes them all the best in their future endeavors.

Postings suggested that Vince “Kingpin” has left EVGA. This is false. Kingpin remains with EVGA.

EVGA’s operations are continuing with no change to our commitment to our customers.

Thank you.




I think a lot of people think the sky is falling with EVGA getting out of the GPU market. This of course has caused some staff to leave since if you want a career that is GPU focused you no longer have a reason to be at EVGA. I am glad to hear Kingpin is still at EVGA since he seems pretty cool from the videos I have seen of him but I wouldn't have been shocked if he decided to leave since a lot of what he does is GPU focused.


 
We see the writing on the wall. EVGA online store is OOS, no word about that from EVGA. Kingpin looking for new hardware partnership. Then we have EVGA BIOS engineers looking for new employment. It doesn't make much sense to let your BIOS engineers go, if you plan on staying in motherboard market. 
 
GamerNexus video (posted on page 1) talks about EVGA is winding things down. It's could take 2-3 years to wind things down enough to close up shop.
 
 
2023/07/08 07:07:52
NordicJedi
You guys also forget that EVGA sells a lot of power supplies and other products through distributors, which is not something that's as easy to look up as Amazon or Newegg.  While GN is great about a lot of things, speculating that the company is winding down because of the change in warranty on the new power supplies is really more of a guess than anything else.  EVGA also released a PSU just before the XC with a 5 year warranty, so I think it's a bit premature to be writing an obit at this time.
2023/07/08 08:38:48
ty_ger07
Premature, maybe, but it is inevitable.  We know what the outcome will be.  You have to be in denial if you think there has been no deterioration in product availability, quality, or support.  ChrisB made a statement about the strengths EVGA supposedly still possesses, but it was easy to instantly discount his statement.  If that was their strongest defense, it doesn't inspire any confidence.
I think EVGA is just trying hard not to seem as weak as it is, because it doesn't want to be stuck with inventory and needs the funds short-term to cover its existing obligations.
 
2023/07/08 11:48:04
namcost
EVGA should have hopped over to team BLUE or team RED. AKA Intel or AMD. Its easy to switch brands. This "retooling" excuse is b/s. The pick-a-part machines that place components are programmable. You just program in the new cards and it does the work.

IF Kingpin really is looking to go somewhere, I would love to see him skip out on Nvidia entirely and move to a brand that makes either Intel or AMD graphics cards. Honestly him going with Intel would be great simply to help get Intel more mainstream. But at the same time it would also be awesome to see him end up over at Sapphire with team red.

EVGA will be a dead company in a few years. Its my future prediction. I don't care if PSU's have higher profit margins. $70-100 dollar PSU with high margins? you have to remember the MAJORITY of gamers are not buying high end power supplies that cost $200-300. We are the 1% of computing. The majority of gamers are buying budget oriented products. So how much profit could there be on a 70-100 dollar PSU? Assuming it cost about $30 to make a PSU, that means margins are 40-70 bucks. That isn't huge. Even if you sell thousands, its not a lot. This idea that AIB's don't profit from GPU sales is insane. Hate to burst the bubble. Its as bad as the claim that microcenter doesn't profit from selling gpu's and cpu's.... its pure B/S. End of the day, Nvidia is making money, AIB's make money, and thus they continue to make GPU's. NO BUSINESS would continue to make GPU's if they could not profit from it.... EVGA is the ONLY one to drop out of making GPU's. There is no way other brands simply kept going "for ****s and giggles even though they don't profit." Insane lies people tell themselves. EVGA dropping GPU division is more than "nvidia bad" and "nvidia screwing us over profits wise" and "not telling us about upcoming products until its too late." Because if these were all true, everyone would have dropped Nvidia....

common sense dictates reality. evga has other things going on not spoken about, and the supposed reasons for stopping making gpu's is not the real reason. the company is literally being gutted. on the flip side, there is the whole "china vs taiwan" issue and the fact that EVGA is technically an american business. YES they have a taiwan location but headquarters is in california.... this could be some of the real reason why the company is being gutted. we might see them eventually closing the taiwan office and building an production facility here in the US (or using preexisting US manufacturing plants) and simply skipped out one generation to eventually bring manufacturing back to the US. huge maybe, but makes more sense to me. if china ends up taking taiwan, even if the US trys to fight back, products will be halted to a standstill in terms of shipping and maybe even production. which would harm evga anyway (and other brands with taiwan locations). so who knows. end of the day, evga is being gutted for some reason. and we don't have the actual reason.
2023/07/08 20:25:17
SmookinJoe
namcost
... evga has other things going on not spoken about, and the supposed reasons for stopping making gpu's is not the real reason. the company is literally being gutted. on the flip side, there is the whole "china vs taiwan" issue and the fact that EVGA is technically an american business. YES they have a taiwan location but headquarters is in california.... this could be some of the real reason why the company is being gutted. we might see them eventually closing the taiwan office and building an production facility here in the US (or using preexisting US manufacturing plants) and simply skipped out one generation to eventually bring manufacturing back to the US. huge maybe, but makes more sense to me. if china ends up taking taiwan, even if the US trys to fight back, products will be halted to a standstill in terms of shipping and maybe even production. which would harm evga anyway (and other brands with taiwan locations). so who knows. end of the day, evga is being gutted for some reason. and we don't have the actual reason.


Hmmm
Buddy of mine, who is all over the politics of the day, mentioned something quite similar over companies, being advised (threatened) to withdraw from China and set up facilities in US...
Hmmm
 
2023/07/08 22:04:21
zerocool101
17 years...Damn that was fun tech over the years 
2023/07/10 00:34:16
appaa
I think everyone can be relieved if we release a statement with photos of Kingpin and Taiwan office staff.
2023/07/10 21:31:15
ty_ger07
I think we can be fairly certain that if Kingpin and Taiwan office staff are still there, they won't be for long.
It seems Kingpin was saying that him and the staff are looking for other work, don't see a future at EVGA, and don't plan to stay long, and EVGA's reply was 'but they are still there now!'.   That's kind of not the point, EVGA.  EVGA's other point was that products are still for sale which aren't for sale and products are still being supported which aren't being supported.
 
Empty words.

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