The rise of interest in crypto mining among investors and enthusiasts has led to a GPU drought across all suppliers. Graphics card maker, AMD is well aware of this and has announced that it is ramping up production to address these supply shortages. The company’s RX Vega series (Vega 56 and Vega 64) has mostly remained out of stock ever since its launch back in August last year.
“The Cryptocurrency mining market is consuming a lot of GPUs. It’s a good part of our business. The graphics channel is very low, and we’re certainly working to replenish that channel environment because the availability of graphics cards is lower than we would like it to be, we are ramping up production.”, said, AMD CEO and president, Dr. Lisa Su while speaking to Polygon.
Manufacturing more products, however, won’t be enough in this case. AMD will still have to deal with the limited memory availability as well. GDDR5 and HBM2 — which are the two primary types of RAM employed RX 400, 500 and the new RX Vega graphics cards — are pretty much going through the same undersupplied phase as GPUs themselves. “We continue to work through that with our memory partners,” added Dr. Su.
As per a report, AMD had recently also requested retailers to restrict the number of graphics cards that can be purchased at a time. The demand has been largely driven by customers looking to mine cryptocurrencies such as Ethereum ever since prices have skyrocketed. On the contrary, AMD’s biggest competitor, Nvidia suggested retailers put gamers over cryptocurrency miners. I’m sure everyone can notice what’s wrong with that solution, right?
In related news, during its earnings call, Advanced Micro Devices (AMD) has announced $1.48 billion USD of revenue in the fourth quarter of last year of which $958 million came from its Computing and Graphics division. The company sustained an impressive year-on-year increase of 60%.