News EVGA Counters Rumors of Its Demise, But Questions Remain

[Admin]

EVGA denies recent rumors that the company is closing its headquarters in Taiwan.

EVGA Counters Rumors of Its Demise, But Questions Remain : Read more

 

[thestryker]

While they haven't given a time frame they've said on their forums that they're working on 14th gen support for Z690/Z790. This is sounding more and more like a last hurrah type of situation though.

I totally understand the move away from video cards, but this is beginning to look like a slow death for the company. It's a shame the CEO hadn't been grooming anyone as a replacement as their products have always been pretty good in their own right and customer support was best in the industry (not that this isn't a low bar).

I was really hoping when they first announced the break with nvidia that Intel would step in. As long as they were willing to let the company keep operating the same that would have been a huge marketing coup. EVGA already predominantly made Intel motherboards (I think the only non was the X570 DARK) so having them be the premiere video card maker would have been perfect.

The sad reality though seems to be that the CEO doesn't want anyone else at the reigns and wants to step back from the constant work.

 

[jaquith]

Sad times. It was a great company. However, if you go to their website, nearly everything's out of stock. New power supplies only have three year warranties and even their peripherals are sold out. After they lost some of their key employees, it's game over.

 

[Math Geek]

i have not seen anything from any source but i wonder what they are telling their stock holders. that would be the best info to know.

they have to (well are supposed to) tell them the truth about what is going on. so just curious but not enough to google it myself. ; - )

 

[thestryker]

i have not seen anything from any source but i wonder what they are telling their stock holders. that would be the best info to know.

they have to (well are supposed to) tell them the truth about what is going on. so just curious but not enough to google it myself. ; - )

EVGA is privately owned.

 

[hotaru.hino]

And even if EVGA was publicly owned, I'm pretty sure publicly traded companies are not allowed to give information exclusively to shareholders.

 

[Math Geek]

it's not exclusive info at all. the updates are public access, that's why we always get reports from them. it's not a leak or anything, but rather a reporter sitting there taking notes and reading the report handed out.

you can google a company and read the reports if you wish. for instance here is google's reports in various forms

Investor Updates

abc.xyz

but if nvidia is privately owned, then obviously that's why i had not heard anything from the reports

it also explains why their customer service and such was always so great. no stockholders demanding ever increasing dividends forcing any kind of service to be as bare minimum as possible.

my comment meant specifically that these reports are as close to the truth about the status of a company that we can get. everything else is PR bs for the most part and rarely gives any true insight. it is not uncommon for stockholders to sue when given bad/false/misleading information during one of these meetings.

 

[spongiemaster]

While they haven't given a time frame they've said on their forums that they're working on 14th gen support for Z690/Z790. This is sounding more and more like a last hurrah type of situation though.

There's a video over on GN where Steve is talking to the EVGA BIOS team and KingPin and the last question Steve asks is, "What is the next project." Kingpin's response:

"There is no next project. We won't be colleagues any more. It's so sad. So sad."

That's pretty much confirmation that EVGA is out of the motherboard market if their BIOS engineering team has no more projects and they aren't going to be coworkers any more.

 

[Sluggotg]

One of my favorite companies. I own an insane number of their video cards and power supplies. Now that they are going under, I wonder what will happen with the driver support. I have at least a dozen keyboards and mice from EVGA and 4 of their capture cards. I worry that I am one Windows patch away from them having issues or not working properly.
I hate the default lighting on the mice and keyboards. They are deliberately defaulted to the most annoying pattern available. That ensures you Will install their annoying software.. for every Mouse/Keyboard and every RGB Fan, Cooler, Memory Stick and motherboard so you tame it or turn it off.
I will miss EVGA. As soon as they announced their breakup with Nvidia, most of us knew this will be the end result.

 

[Gillerer]

I was really hoping when they first announced the break with nvidia that Intel would step in. As long as they were willing to let the company keep operating the same that would have been a huge marketing coup.

That would be like jumping from the frying pan into the fire.

Intel Arc is a dumpster fire on both the hardware and driver side, and will be for at least one more generation. Partaking in it would just tarnish EVGA's name. Celestial could plausibly be the first entry to high-end, but seeing as every Arc generation gets delayed, even that will probably arrive late to compete.

Then again, EVGA have stated that they will not return to the GPU business, so it's a moot point.

Graphics card manufacturers have very thin margins and are pitted to compete against each other by the vendor. It's not exactly sound business for a small company to constantly be one more squeeze away from having to get rid of your stock at a loss (whether the squeeze comes from the vendor, competition or global economy).

 

[UWguy]

I would love it if Razer bought EVGA and went into the PC business.

 

[hotaru251]

According to the rumor, EVGA's personnel from the Taiwan office, including legendary overclocker Vince "K|NGP|N" Lucido, resigned

I mean Vince himself said he was going to long ago when gamersnexus had a tour of EVGA place.

He is there for the GPU OC'ing...when they dont have gpu to design/OC he had to find new work.

matter of when was only uncertain part.

 

[NeoMorpheus]

Another victim of ngreedia business practices.

 

[bit_user]

I have a 275 W EVGA FTW card. Even with only 2 fans, it was a revelation in how well-mannered such a power-hungry card could be.

One thing that amazed me is just how many slightly different SKUs they had. There were like 9 different versions of my card, on their website. I had to make sure I got exactly the right one.

 

[newtechldtech]

why not moving from Nvidia to AMD ? I hate seeing EVGA die

 

[RichardtST]

When you look at the NGreedia margins over the years, and the partner margins over the same years, it is a wonder that EVGA lasted as long as they did. It would be no surprise to see more partners bail.

 

[spongiemaster]

Another victim of ngreedia business practices.

EVGA's demise has nothing to do with Nvidia. The CEO doesn't want to put in the time it takes to run the company any more, and refuses to sell, so he is winding down operations gradually.

 

[thestryker]

When you look at the NGreedia margins over the years, and the partner margins over the same years, it is a wonder that EVGA lasted as long as they did. It would be no surprise to see more partners bail.

Most, if not all, other partners have in house manufacturing so their margins are better than EVGA's were. The sheer market dominance of nvidia will keep partners there until that changes. As it is MSI, Gigabyte and Asus (Yeston too, but they have more limited footprint) all make AMD cards as well and are big enough businesses I doubt nvidia can push them around as much as the others.

 

[cAllen]

What ever the reason EVGA is phasing out...I got one of their last best cards in stock sold to the public and predict it will last me a very long time. Same thing happened with BFG when I bought their GTX 295...that lasted me 14 years.

YMMV

 

[Tom Sunday]

I would love it if Razer bought EVGA and went into the PC business.

No doubt EVGA has come on bad or hard times. Cash and continued private investor funds and their needed infusions have most definitely slowed. Being a continued and frequent EVGA buyer myself with many of their products including a recent 'splurge' for a Z790 Kingpin, I am finding that even their Forums and its commentaries are slowly drying-up. Conversations at our latest local computer show surfaced that EVGA and with customers seeking services are finding harder or more stringent times with RMA’s, warrenties and other such returns!

As to myself I am like the thousands of others out there which are hoping that EVGA would be purchased by another major player in the industry looking to either diversify or going for a situation like Dell earlier having absorbed Alienware. My take is also that EVGA as a company still has a lot of meat on their bones and quite enough to be a juicy target for the right price, time and investor with a sound business plan in hand. Hopefully time will bear me out?

 

[derekullo]

GPUs were merely a setback.

 

[edzieba]

Most, if not all, other partners have in house manufacturing so their margins are better than EVGA's were. The sheer market dominance of nvidia will keep partners there until that changes. As it is MSI, Gigabyte and Asus (Yeston too, but they have more limited footprint) all make AMD cards as well and are big enough businesses I doubt nvidia can push them around as much as the others.

Most if not all are using the same board manufacturers (e.g. Foxconn) as EVGA were, and as Nvidia themselves use.

Other board partners who make Nvidia boards only seem to not be having issues making 40 series cards. Other board partners who make Nvidia boards do not seem to be having issues with motherboard BIOS updates, or retaining employees who work on their non-GPU lines, or RMA returns, etc.
By all indications, EVGA's problems stem from EVGA.

 

[bit_user]

Most if not all are using the same board manufacturers (e.g. Foxconn) as EVGA were, and as Nvidia themselves use.

Who does manufacturing for PNY? Nvidia has previously contracted out some of their Nvidia-branded boards to them (I'm not sure if they still do).

 

[thestryker]

Most if not all are using the same board manufacturers (e.g. Foxconn) as EVGA were, and as Nvidia themselves use.

EVGA outsourced everything on the manufacturing side past design. None of the major players in the industry do that at all.

 

[urbanman2004]

Looks like it's the end of an era, smfh... If it wasn't for EVGA, I would've never gotten into PC building all the way back in 2007, and this was before YouTube or before social media became mainstream (yep, I'm showing my age), and due to EVGA's customer service and consumer-friendly warranty/RMA policies, it mitigated a lot of the risk for me to go into PC building. EVGA will surely be missed.