Guess which tech giant is now into manufacturing cryptocurrency mining chips?
Samsung, in its 2017 fourth-quarter results report, has revealed its entrance into the cryptocurrency business. So while its foundry business’ earnings decreased last quarter because of weak seasonality, they’re expected to rally from January to March this year because of growing demand for application-specific integrated circuit chips meant to mine bitcoin, ether, and other cryptocurrencies. If you are not familiar with the whole Bitcoin/Crytocurrency industry, you could look into a site like beincrypto, where you can stay up to date on various topics from EOS price predictions to Best Bitcoin cash wallets. There is so much more to bitcoin then people realise though, however, it could be hugely beneficial for people to start using it. So if this is something that you are interested in then you could buy bitcoin here, or you can also learn more about the various trading platforms that are used by many professional online traders, you can click here to find out some more information.
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ASIC chips, by the way, are hardware built for just one purpose; they are not for general-purpose use. They are optimized to do that just one task well and efficiently, hence the high demand for them.
ASIC chips are components built for just one purpose; they’re not for general-purpose use. They are optimized to do that one task well and efficiently, hence the high demand for them.
But the bulk of the profits will still come from the ramp-up of second-generation 10nm process products for 2018 flagship smartphones, of course, given that the former is still in the starting phase.
Samsung declined to disclose details about its customers, but a report out of South Korea says that the company is collaborating with a Chinese distribution partner.
Samsung declined to disclose details about its customers, but a report out of South Korea says that the company is collaborating with a Chinese distribution partner.
It’s not surprising for the newly minted largest chipmaker to get into the craze. After all, its high-capacity memory chips for GPUs, while typically made to handle computer graphics, are now also being used for mining purposes.
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With Samsung now being an ASIC chip supplier to what is supposed to be a virtual-money mining company in China, big players in chip manufacturing may have to watch their back. TSMC or Taiwan Semiconductor Manufacturing Company, which got additional revenues of $350 million to $400 million because of the crypto explosion, comes to mind.
Via TechCrunch
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