If you are a PC enthusiast, then you might be curious to find out: Is EVGA going out of business after a post on the company’s alleged demise went viral on the internet?
EVGA has been the biggest name in the PC industry because of its top-notch quality products, and such shocking rumors are obvious to create a frenzy among their loyal customers.
So, what is really going on with the company? Keep on reading to find out.
EVGA Corporation is an American computer hardware company that is known for selling graphic cards, motherboards, gaming laptops, computer cases, power supplies, and more.
The company was founded in 1999 and is currently headquartered in Bria, California.
With a focus on performance, quality, and reliability, EVGA Corporation has established a strong presence in the market. But much of the company’s success can be attributed to its top-notch PSUs and graphic cards, especially those that are heavily demanded by gamers and PC enthusiasts.
In spite of being such a key player in this industry, why is EVGA in talks about going out of business? Keep on reading to find out what is really happening.
Is EVGA Going Out Of Business?
Recently, there has been a frenzy among tech enthusiasts after rumors about EVGA going out of business started circulating online. It all started on a South Korean forum, where a post was made stating that all of EVGA’s Taiwanese staff had resigned from the company.
The news was originally posted by an overclocker who frequents the platform, stating:
“We wanted to share some news about EVGA. It has been reported that all employees of the EVGA Taiwan office have now left (including Kingpin).
“It looks like the company is going out of business locally. I don’t know what will happen with warranty issues, but I hope EVGA users don’t have any issues with this.
“I’m curious to see what happens next. We’ll have to wait for an official statement from EVGA.”
EVGA remained silent for a long time, which created even more confusion, but then eventually issued this statement:
“We saw those message and they are rumors. Our Taiwan office is still operating and Kingpin is still with EVGA. EVGA is still doing business and supporting its customers. Thanks for reaching out,” an EVGA spokesperson.
From the above statement, it is very clear that EVGA is not going out of business, and all the things that were being said about the company closing down were nothing but rumors.
EVGA Exits From the Graphic Cards Market
Last year, EVGA announced its exit from the graphic cards market, which sent shockwaves in the PC industry.
The company took the extreme decision because of the differences between EVGA and Nvidia, EVGA’s long-time GPU supplier.
“Our partnership with Nvidia has been instrumental in our success and brand recognition throughout the years. We appreciate the support they have provided, and while we are no longer pursuing graphics card sales, we continue to work closely with Nvidia in other areas of our business.” – EVGA Spokesperson.
Graphic cards have been the company’s biggest asset and primary focus, but the sour relationship between EVGA and Nvidia forced the company to take a step back and rethink its strategy.
Despite exiting the graphic card market, EVGA is committed to providing the best quality products to its customers. The company is now focusing on motherboard sales and introducing other products.
What is the Future of EVGA?
EVGA has already addressed the rumors and has made it very clear that the rumors of its closures are speculative. The company is fully operational and is committed to providing the best quality products to its customers.
Although the company is no longer selling graphic cards, which was the bread and butter for the company for a very long time, it is planning to introduce new products.
So, in the near future, you can expect EVGA to launch some new products and diversify their products.
EVGA has surely stepped out from selling graphic cards that accounted for 80% of the company’s revenue.
The move will definitely hit the company’s finances hard, but that does not mean that the company will surely shut down. As long as EVGA expands its product line and re-work its strategies, it is on the right track.
So we hope by the end of this, you get your answer to the burning question: Is EVGA going out of business now?
Is EVGA still making PSUs?
Yes, EVGA is still making and selling PSUs along with capture devices, Z790 motherboards, keyboards, mice, etc. The company, however, has stepped out of the GPU market.
Who owns EVGA?
EVGA was founded by Andrew Han and Keith Rochford in 1999, and they are still the owners of EVGA Corporation.
What is the inventory availability of EVGA products?
Currently, there is limited availability of items on EVGA’s website. However, you may be able to find EVGA products on Amazon and Newegg.