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Aren't the chips already made, so they have to do something with them?

Yes, they will presumably release it as a 4070 or 4070 Ti.

This is why biological tech is superior: You can just eat failed products.

Unless those failed products turn into something toxic

They still get recycled. and everything gets eaten by SOMETHING.

They wouldn't make it that obvious. They'd weaken specs a little, like 5% less Cuda cores or something.

Sure, it'll just renumber it, sell it at the same price and gamers will move their screaming to a new issue.