SpaceX Edges Toward Landmark IPO as Elon Musk Confirms Plans 
MetaX IPO Soars as China’s AI Chip Stocks Ignite Investor Frenzy 
EU Court Cuts Intel Antitrust Fine to €237 Million Amid Long-Running AMD Dispute 
Biren Technology Targets Hong Kong IPO to Raise $300 Million Amid China’s AI Chip Push 
Moore Threads Stock Slides After Risk Warning Despite 600% Surge Since IPO 
iRobot Files for Chapter 11 Bankruptcy Amid Rising Competition and Tariff Pressures 
Oracle Stock Slides After Blue Owl Exit Report, Company Says Michigan Data Center Talks Remain on Track 
SUPERFORTUNE Launches AI-Powered Mobile App, Expanding Beyond Web3 Into $392 Billion Metaphysics Market 
Evercore Reaffirms Alphabet’s Search Dominance as AI Competition Intensifies 
Republicans Raise National Security Concerns Over Intel’s Testing of China-Linked Chipmaking Tools 
OpenAI Explores Massive Funding Round at $750 Billion Valuation 
noyb Files GDPR Complaints Against TikTok, Grindr, and AppsFlyer Over Alleged Illegal Data Tracking. 
Apple Opens iPhone to Alternative App Stores in Japan Under New Competition Law 
Trello Outage Disrupts Users as Access Issues Hit Atlassian’s Work Management Platform 
Amazon in Talks to Invest $10 Billion in OpenAI as AI Firm Eyes $1 Trillion IPO Valuation 
Nvidia Weighs Expanding H200 AI Chip Production as China Demand Surges 
Nintendo continuously sees a high demand for the Nintendo Switch system despite the lack of a true next-generation launch. However, the company’s production plans have also been negatively affected by the ongoing semiconductor and parts shortages.
The Japanese video game giant was forced to scale down its Nintendo Switch production plans, per a report from Nikkei Asia. The company has reportedly reduced its Switch production orders by 20 percent for the 2021 fiscal year ending in March 2022. Nintendo recognized the effect of the “chip crunch” on its production plans and told the publication, “We are assessing their impact on our production.”
The same report notes that Nintendo originally intended to produce 30 million units of Nintendo Switch throughout the fiscal year to meet the growing demand for the hybrid portable console. The company saw a steady increase in the hardware’s cumulative sales since the COVID-19 pandemic started as people around the world were asked to stay at home to follow quarantine protocols. But Nintendo started seeing the effects of the global chip shortage around spring.
“Due to the global shortage of semiconductor materials, we are not able to produce all the products we want to. We are doing everything we can, but there is an increasing sense of uncertainty about production plans,” Nintendo president Shuntaro Furukawa said (via VGC) last May.
The reported changes in the Nintendo Switch production will likely affect the availability of the Nintendo Switch OLED model, which launched last Oct. 8. The hardware is already difficult to find in several regions, and retailers are only able to sell it in intermittent periods, sometimes using a lottery system to meet the demands for the new console.
Aside from the Nintendo Switch console, the company’s struggles with parts shortages are also affecting its other products. Fans saw the N64 controller for Switch was up for sale for a very short period this week. The controller is now out of stock, and Nintendo Store indicates that it might not be available until next year. The product page currently displays a message that says every Nintendo Account can only purchase four units, but “more controllers will be available in 2022.”
Photo by Manny Moreno on Unsplash
