Samsung foundry making cryptocurrency ASICs for undisclosed client

Posted on Wednesday, January 31 2018 @ 14:43 CET by Thomas De Maesschalck

Last week news emerged that Chinese Bitcoin giant Bitmain is currently one of TSMC's largest clients and now we hear that another cryptocurrency miner placed big orders at Samsung's foundry business.

There's not a lot of information, all we know that Samsung confirmed it has begun mass production of ASIC chips for a cryptocurrency client.

“Samsung’s foundry business is currently engaged in the manufacturing of cryptocurrency mining chips. However we are unable to disclose further details regarding our customers,” a company spokesperson told TechCrunch.

Bitmain and Canaan Creative use TSMC for their ASIC chip production. South Korean media claims Samsung is making the chips for an unnamed Chinese distribution partner.

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Thomas De Maesschalck

Thomas has been messing with computer since early childhood and firmly believes the Internet is the best thing since sliced bread. Enjoys playing with new tech, is fascinated by science, and passionate about financial markets. When not behind a computer, he can be found with running shoes on or lifting heavy weights in the weight room.

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