Samsung started producing ASIC chips for the mining of cryptocurrency
The main competitor of the company in this market earns on the mining equipment up to $ 400 million in a quarter.
South Korean Samsung has been engaged in the production of ASIC chips, which are used for the production of bitcoins, ethers and other cryptocurrencies. This is written by TechCrunch with reference to the representative of the company.
Samsung is now busy manufacturing chips for thecryptocurrency. However, we can not give more details about our customers. – Pressoffice Samsung
The first about the work of Samsung over the chips for the miners was reported by the Korean media. According to the local edition of The Bell, the mass production of ASIC chips in the Samsung semiconductor plant began in January 2018. Sources say that the corporation has already agreed on the supply of mining equipment for an unnamed company from China.
The representative of Samsung refused to discuss with TechCrunch the details of work on the ASIC chips.
The publication notes that Samsung has to compete with the Taiwanese microchip manufacturer TSMC, which earns on equipment for mining from $ 350 million to $ 400 million for the quarter. The company serves such major suppliers of mining equipment as Bitmain and Canaan Creative.
Following the results of 2017, Samsung became the largest chip manufacturer, displacing from the position of the leader of Intel. Samsung’s business in microchip production in 2017 was $ 69 billion compared to Intel’s $ 62.8 billion.
Author: Richard Abermann