MSI will raise price of graphics cards due to a shortage of chips

MSI held an investor meeting on March 23. Chairman Joseph Hsu declared that the company will increase the cost of graphics cards due to a shortage of chips. This situation may continue until the end of 2021.

MSI’s revenue growth in 2020 will be strong, and it is supposed that in 2021, it will once again achieve a growth rate of more than double digits.

The chairman of MSI stated that in 2020, MSI’s net profit increased by 42% year-on-year to approximately US$ 276.9 million, with earnings per share of NT$9.42, both reaching the highest levels in history.

Among them, notebooks, desktops, and monitors contributed 43% of the revenue, graphics cards, motherboards, and other components accounted for 53%, and other products accounted for 4%.

MSI also stated that in 2020, 30% of the company’s revenue will come from North America, 37% from Europe, and 33% from the Asia-Pacific region. Both North America and Europe have higher revenue growth rates than the Asia-Pacific region.

MSI’s profit in the fourth quarter of 2020 was lower than expected. The chairman stated that this was due to factors such as currency exchange rate changes, delays in shipping of raw materials, and increased marketing expenses at the end of the year.

In addition, MSI’s February 2021 consolidated revenue was NT$13.26 billion, an increase of 63% year-on-year. The company said that from March to the second quarter, with the decline in transportation costs and shipments of Intel’s 500 series chipset motherboards, revenue will be Continue to grow.

(Via)