As the Korean media The Bell reports, Samsung Electronics has entered partnership with the Chinese mining hardware maker, and started the mass production of ASIC hardware for mining from January 2018.
Samsung Electronics company reported that the development of semiconductor ASIC was completed in the end of 2017.
We are in the middle of a foundry business that is being supplied to a virtual money mining company in China.
Samsung Electronics Statement
Priviously, Samsung Electronis has started the mass production of DRAM for graphic cards, which is suitable for digital money mining. The 16 Gb GDDR6 DRAM is twice as fast as conventional GDDR5 DRAM, and has low power desing, which improves power efficiency by more than 35% and can improve GPU performance for cryptocurrency mining.
TSMC is the Taiwan company which supplies semiconductor ASIC to major mining companies like Bitmain. TSMC and Samsung Electronics companies plan to maintain the ways of increasing revenue due to the increase in demand related to cryptocurrency turnover.