Now that Valve has finally launched its entire 2026 hardware lineup — the Steam Controller, the Steam Machine, and today’s Steam Frame — are we any closer to a next-gen Steam Deck handheld? Valve isn’t saying so yet. The company is figuring out “how and when we can deliver something like that,” Valve designer Pierre-Loup Griffais now tells IGN.

“We also don’t want more performance to come at a significant cost to power efficiency and battery life,” Griffais told me in 2023, saying he wanted to see a “leap” instead — but suggesting that leap might not be physically possible for another couple of years.

Today, IGN’s new question was: “Has the current hardware shortage impacted the way Valve is thinking about actually putting a Steam Deck 2 into development?” Griffais’ immediate answer was “Not really.”

The real question is: has Valve yet identified the future chip that will appear in the Steam Deck 2? Because the company will work backwards from that chip’s availability to create the hardware it lives within.

Intel’s Panther Lake handheld chip in the MSI Claw 8 EX AI Plus is the first I’ve tried that comes close to the kind of “generational leap” that Griffais has been talking about, but Panther Lake handhelds are incredibly expensive, and the Intel chip wasn’t a silver bullet in my tests. But I bet Valve has seen the future of Intel, AMD, and Qualcomm chips, and maybe a future one will do the trick.