Jan 31, 2018

Samsung enters crypto-currency chips business

Samsung Electronics has revealed it is making chips designed specifically to harvest crypto-currency coins. For now, Samsung is providing little detail about its new crypto-currency business. "Samsung's foundry business is currently engaged in the manufacturing of crypto-currency mining chips," it said in a statement given to the BBC. "However, we are unable to disclose further details regarding our customers." "We don't know how low Samsung can sell its chip for and still be profitable," said Garrick Hileman, a crypto-currency researcher from the University of Cambridge. Much of Samsung's success is down to the popularity of its memory chips - it highlighted demand from the computer server and mobile device storage markets in particular.

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