During its Computex keynote this week, AMD CEO Dr Lisa Su teased that the company had paired up with Samsung to work on adding ray tracing to an Exynos chip, but further details will be announced by the South Korean giant later in the year.
Talking to journalists on Wednesday, Nvidia CEO Jensen Huang said now was not the time for his company to look at doing the same.
"Ray tracing games are quite large, to be honest. The data set is quite large, and there'll be a time for it," Huang said. "When the time is right we might consider it."
"Our strategy is to alleviate, to reduce the hot demand that is caused by crypto mining, and create a special product, CMP, directly for the crypto miners, and if the crypto miners can buy directly from us, a large volume of GPUs [that] cannot be used for GeForce but they could use for crypto mining, it would discourage them from buying from the open market," he said.
The Nvidia CEO said CMP was worth $150 million in its most recent quarter, and was forecast to hit $400 million this quarter.
"Because they were supply that we otherwise couldn't use, and we diverted good yielding supply to GeForce gamers to workstations and such ... CMP effectively increases our supply," Huang said.
"CMP also has the benefit, the after-benefit of not being able to be resold second hand to GeForce customers because it doesn't play games."
Due to cryptocurrencies like Ethereum being regarded as credible, it was time to move from away from the proof-of-work concept to proof-of-stake, he added.
"It's legitimate, it's established, and there's a lot of credibility. It works incredibly well, a lot of people depend on it," he said.
"Now as we as we go towards that transition, it is now established that Ethereum is going to be quite valuable because there's a future where the processing of these transactions are going to be a lot faster, and because there's so many people that are built on top of it now."
On the option of the company starting its own fabrication, Huang batted the idea away.
"There's a difference between a kitchen and a restaurant. There's a difference between a fab and a foundry. I could spin up a fab, no doubt, just like I can spin up a kitchen, but it won't be a good restaurant," he said.
"You could spin up a fab, but it won't be a good foundry.
"The business is not easy, what TSMC does for a living is not easy, and it's not gonna get any easier."