Early last year, graphics card makers like Asus They announced that they would be To raise prices Amidst severe shortage of GPU. This price hike was partly a result of the tariffs imposed on some Chinese products by the Trump administration; The tariffs were waived for several years but were allowed to take effect at the end of 2020. Last week, the Biden administration He made many of those concessionsand Asus announced Monday That the company will lower GPU prices as a result.
The price cuts will take effect on April 1 and will apply to the company’s entire line of GeForce RTX 3000 GPUs, including the 3050, 3060, 3070, 3080 and 3090 series cards. “Consumers should expect prices to drop by an additional 20%,” Asus said in a statement. Up to 25% on different models throughout the spring.”
Asus and other GPU makers have revived (or simply continued to sell) several older GPU models — including the RTX 2060, 1660, and GTX 1050 Ti — to try to address the persistent GPU shortage. There is no word on whether we can expect to see price cuts for these models or if they will eventually disappear as the availability of newer GPUs improves.
The manufacturer’s suggested pricing is just one factor that determines the actual street price of a graphics card, but Asus’s lower MSRPs is a positive sign for anyone wanting to buy a good GPU for under $500. Investors, crypto miners, a global core chip shortage and supply chain problems will all conspire to keep GPU prices abnormally high in the short term. But street prices for GPUs were so steadily so far this yearso the worst GPU shortage is likely behind us.
We’ve contacted representatives from Gigabyte, MSI, EVGA, and PNY to see if they will also reduce the MSRP of their GPUs and will update this article if we receive a response. The tariff exemptions will be “in effect until the end of 2022,” according to the New York Times, and if they are allowed to expire again, prices should presumably go back up.