Samsung, which produces high-capacity GPU chips for video cards, is reported to start producing ASIC chips used in crypto money mining. In Korean media news; Samsung, in partnership with a Chinese distribution company, took this decision to start production.
The chips to be produced will support bitcoin and ethereum, as well as many crypto money mining. (ASIC resistant – ASIC-resistant – except crypto units)
Until now, ASIC chip production was a divided market between two Chinese companies, Bitmain and Canaan Creative in general, and now competition seems to be hot with the inclusion of a big name like Samsung. Both Chinese mills are working with the Taiwanese TSMC company, and TSMC has already succeeded in adding 300-400 million dollars to the well-received quarterly reports thanks to the crypto money mining sector.
It is not certain how Samsung will move in this market yet. It is not certain that the end user will produce the product himself or else he will go to other partnerships. However, it is certain that other industries will also compete with TSMC.
In the end, the industry needs to grow more so that the production of ASIC chips can take place in Samsung’s revenue. In 2017, the company sold $ 69 billion in chip sales, most of which were smartphone operators.Tags: asic chips crypto manufacturing mining samsung