Earlier, we reported that the NVIDIA is possibly working on its next generation GeForce series graphics cards which may launch in July this year, starting with the GTX 1180 but it seems that the graphics card will not be released anytime soon because of the recent inventory issues faced by the company.

As per the new report published by Seeking Alpha, one of the top 3 Taiwan based company and major OEM partner of NVIDIA has returned about 300,000 graphics cards to the company, thus creating excess of inventory for the company with current-gen GPU series. Report from the Seeking Alpha also quotes other sources to verify their publish and some excerpts are highlighted below;

Reports out of Taiwan now suggest that Nvidia has a gaming GPU inventory problem.

‘Semiaccurate’ reported on the issue yesterday, and cited excess inventory in the channel as the primary reason for new gaming GPU delay.

The glut is so severe that one top Asian OEM partner reportedly returned 300k GPUs to Nvidia.

Earlier this year, the company’s CEO Jen-Hsun Huang announced that they are doing everything to serve the gaming industry well so that it won’t meet any supply shortage, well this could be the reason as the company developed so many GPUs which are no longer needed in the market at the moment.

Lately, we saw a declining trend in the cryptocurrency mining industry, which could be another factor behind shortage in demand. Even though the company’s representatives announced that there will be a decline in the cryptocurrency mining by Q2 of 2018, they should have planned the production level accordingly to meet the supply.

See also: Intel will launch its Entry Graphics cards in 2020

Mining was one of this biggest reason behind excess in demand of both the GPU manufacturing company’s, which also badly affected the gaming industry due to increase in prices.

What do you think of this huge pile of inventory being returned to NVIDIA and how this will affect the launch of next-gen 1100 series graphics cards? Let us know in the comments section below!