On March 20th, Huang Renxun, NVIDIA's CEO, said that due to the wide variety of chips and software produced, NVIDIA can generate a large portion of revenue from global investment in data center equipment. He said that global spending on data center equipment will reach $250 billion annually, and Nvidia will gain a higher share than other chip manufacturers. He said, "My expectation is that this will be a very large business.". Colette Kress, the company's CFO, stated that Nvidia's newly released chips and architecture systems will be launched later this year. Although the company is better equipped to cope with soaring demand with existing products, there may still be supply shortages.