Video card makers pessimistic about crypto demand

Posted on Wednesday, Jul 18 2018 @ 13:27 CEST by Thomas De Maesschalck
DigiTimes spoke to Taiwanese manufacturers in the crypto mining supply chain and got to hear that the outlook for the remainder of this year is dim. The sharp drop in cryptocurrency values and all the crackdowns killed the mining market, resulting in investment dropping to a very minimal level. At the moment, there's some replacement demand going on due to some 10,000 mining machines that were destroyed by torrential floods in Sichuan, China, but overall the demand is very weak.
But some encouraging news has emerged recently. Among them was that over 10,000 mining machines were inundated by heavy torrential in the southwestern China province of Sichuan, triggering a new wave of rush orders for GPU- and ASIC-powered machines from China.

This is expected to help Asustek Computer, Gigabyte Technology, Micro-Star International (MSI) and TUL sharply deplete their inventories of graphic cards, while Taiwan Semiconductor Manufacturing Company (TSMC) and Global Unichip will also benefit from rush demand for ASICs.

About the Author

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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