If you have been wandering around the tech world lately, you might have stumbled upon some unsettling whispers: Is EVGA going out of business? We know, just the thought sends a shiver down the spine of any PC enthusiast.

But this question has been echoing through the tech community, causing a mix of confusion and concern among both EVGA fans and customers.

So, let’s get straight to the point: is EVGA going out of business? Well, the short answer is no, but the story doesn’t end there. Just keep reading to catch up with the details as uncover the truth about EVGA’s current state.

Is EVGA Going Out of Business?

Rumors have been swirling, and we get why you are concerned. Recently, a forum post from Korea set the tech community abuzz with claims that EVGA’s Taiwanese headquarters was shutting down. The post even mentioned the resignation of key personnel, including the legendary overclocker Vince “K|NGP|N” Lucido.

However, EVGA was quick to counter these rumors, assuring that they are still very much in business and committed to supporting their customers. They assured us that their Taiwan office is operational and K|NGP|N is still on board.

But why did these rumors gain so much traction? EVGA’s decision last year to exit the graphics card market after a long-standing partnership with Nvidia certainly raised eyebrows.

This move, combined with the departure of EVGA’s public face, Jacob Freeman, and a noticeable shift in their product availability, painted a picture of a company possibly in transition, if not in trouble.

However, EVGA’s public response aims to reassure stakeholders that they are still in the game. So, is EVGA going out of business? The short answer is No!

A Closer Look at EVGA

To truly understand the gravity of these rumors, we need to zoom out and look at EVGA’s journey. For nearly a quarter of a century, EVGA has been a powerhouse in the PC hardware sector, known for its high-quality graphics cards, motherboards, and more. They’ve built a reputation for innovation and reliability, earning a devoted fan base.

However, the landscape started to shift with EVGA’s withdrawal from the graphics card market, citing disagreements with Nvidia. This was a significant pivot, as graphics cards were a core element of their identity and revenue.

Now, EVGA has diversified, expanding into power supplies, peripherals, and cooling solutions. But this transition hasn’t been without its challenges, leading some to speculate about the company’s future.

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Where Did the Rumor Come From?

The rumor originated from a Korean forum, Coolenjoy, where it was mentioned that EVGA’s Taiwan office was closing, and staff, including K|NGP|N, were resigning. This news spread like wildfire, fueling speculation and concern across the tech community.

The fact that this wasn’t the first rumor about EVGA’s business decisions (remember the motherboard market exit talks?) only added fuel to the fire.

What is EVGA’s Response to the Circulating Rumor?

In response to the swirling rumors, EVGA stepped up to clarify. Their response to the closure speculation was clear: EVGA is not shutting down. They reaffirmed their commitment to their customers and their ongoing business operations.

However, this statement, while reassuring, left some questions unanswered, particularly regarding the company’s future direction and strategy.

The absence of detailed information about EVGA’s long-term plans has left room for interpretation and further speculation. While the company has quashed the immediate fears of closure, the broader picture of what EVGA will look like in the coming years remains somewhat unclear.

This ambiguity keeps the conversation and concerns about EVGA’s stability alive within the tech community.

Is EVGA Really Struggling at the Moment?

So, is EVGA in hot water? It’s a mixed bag. Yes, they have made some bold strategic shifts, like exiting the graphics card market and reportedly scaling down their motherboard lineup.

These moves have undoubtedly raised questions about their financial health and strategic direction. The lack of new launches and the reduction in warranty periods for some products have further fueled these speculations.

However, it’s crucial to note that EVGA is still actively selling products and honoring warranties. Their presence in major retail outlets remains strong, though the shift in their product mix is noticeable.

The company’s future actions and how they manage these turbulent waters will make a big difference as to whether they will be around for a longer time.

Is EVGA Going Out of Business – Final Note

To circle back to our burning question: Is EVGA going out of business? The answer, based on current evidence and official statements, is no.

But it’s clear that the company is navigating a period of significant change. For fans and customers of EVGA, it’s a time of watchful anticipation, hoping that this iconic company will adapt and thrive in its next chapter. But for now, rest assured that EVGA isn’t going anywhere.

FAQs

Why Do People Like EVGA So Much?

Many factors are responsible for this. First is the company’s top-notch reputation for reliability, especially in the GPU and PSU markets. EVGA’s products are known for their quality, durability, and performance, which resonates well with enthusiasts and casual users alike.

Secondly, their customer service is often hailed as one of the best in the industry, with responsive support and generous warranty policies, including a 10-year warranty on some of their power supplies.

Why is EVGA Not Making GPUs?

EVGA announced they would no longer produce GPUs due to a combination of factors. A major reason was their strained relationship with Nvidia, their long-time partner in GPU production.

EVGA cited “mistreatment” and a lack of transparency from Nvidia, feeling that they were kept in the dark about product details and strategic information.

This, coupled with the challenging financial landscape post-Ethereum Merge, led EVGA to decide that exiting the GPU market was the best course of action.

Will EVGA Return to the GPU Market?

As of now, EVGA has no plans to re-enter the GPU market, especially concerning Nvidia products. Unless there’s a significant change in their relationship with Nvidia or the market dynamics shift dramatically, EVGA is unlikely to produce new GPUs.

They seem to be focusing on other areas of their business, like power supplies and potentially other PC components.

Why Did EVGA Quit Nvidia?

EVGA quit its partnership with Nvidia due to dissatisfaction with Nvidia’s business practices. Specifically, EVGA CEO Andrew Han mentioned that Nvidia kept crucial product information and strategic details secretive, which hindered EVGA’s ability to plan and compete effectively.

This lack of transparency and perceived disrespect led to EVGA’s decision to stop producing Nvidia-based GPUs, marking the end of a long-standing partnership.

Does Asus Own EVGA?

No, Asus does not own EVGA. They are two distinct and separate companies in the PC hardware industry. While both companies have been involved in producing Nvidia-based products, they operate independently.

EVGA is known for its graphics cards, power supplies, and other PC components, whereas Asus has a broader range of products, including laptops, motherboards, and smartphones, in addition to GPUs.