Nvidia Thinks Chip Supply Will Improve ‘Each Quarter’ This Year: CFO
Nvidia thinks it has fared better than others navigating the chip crunch because it “realized quite quickly that this would be a supply-constrained world and that it would be with us for many years,” Chief Financial Officer Colette Kress told…
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a Morgan Stanley investment conference Monday. “Our initial onset of thinking through our supply chain started very early in that COVID period of time,” she said. “Our focus was not just about the next quarters out, but we stopped and paused to think about what it would mean for years in the future.” Nvidia has “already procured what we need” for 2022, “and we have also engaged in procurement for things for the long term,” involving anything “from wafers to substrates,” she said. Nvidia expects that supply will improve “each quarter of this year,” she said.