The news could be really a big thing because mining chips on such a huge level could change everything. Samsung refuses to discuss its specific partners. Previous reports claim it’s a Chinese firm, which would make sense. The low-cost of electricity in china has made it a hub of cryptocurrency mining. The unnamed partner would need to buy a substantial number of chips to affect Samsung’s bottom line. The company brought in $69 billion in chip sales last year, most of which were used in smartphones. That was the largest chunk of its revenue; even more than smartphone sales.
Samsung Confirms It’s Now Making Crypto Mining Chips (coindesk.com)
- Samsung confirms it is making ASIC chips for cryptocurrency mining (techcrunch.com)