Valve Corporation is currently working on the Steam Deck 2, a follow-up to its successful gaming handheld launched in 2022. In an interview with IGN, Valve programmer Pierre-Loup Griffais confirmed that the development team is utilizing insights gained from the original Steam Deck and the Steam Machine to enhance the upcoming device. While no specific release date for the Steam Deck 2 has been provided, Valve has announced the launch of a new Steam controller scheduled for May 4, 2026. The company also revealed that the Steam Machine and Steam Frame are facing delays due to ongoing shortages of RAM and storage components. Earlier this year, Valve decided to discontinue production of the most affordable Steam Deck model, with the 256GB base model priced at $399 USD no longer being manufactured once sold out. The original Steam Deck and its OLED variant have also faced stock shortages in the U.S. market due to these supply chain issues.