This has allowed NVIDIA to divert the chips for their intended use in sectors that need them most. The company achieved this by adding new software that identifies crypto algorithms and automatically reduces the chip’s processing power. First, NVIDIA made its existing chipset less attractive to crypto-miners. NVIDIA has tried to address this issue with a two-pronged strategy. This has further exacerbated the demand-supply gap for silicon chips. With the advent of cryptocurrencies, crypto-miners have been deploying chips to help them mine cryptos faster. The computing, telecom and automotive sectors will drive this growth. This historic shortage notwithstanding, the global semiconductor market is expected to grow 12.5% in 2021 to $522B. The demand-supply mismatch has impacted production schedules, customer orders, and consequently, company sales. From gamers to automobile manufacturers, everybody is vying for a piece of silicon. Chip manufacturers have been unable to cope with demand across the board around the globe. The demand for semiconductors has shot through the roof over the last year. The company also announced a 4-to-1 stock split, the biggest in its history. ( Tweet This) Bridging The Demand-Supply Gap The gaming segment contributed to nearly half the revenue. NVIDIA Corp (NVDA) reported record revenue for Q1 handsomely beating estimates.
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