The world's leading chipmaker, Samsung has introduced itself to the booming cryptocurrency business.
As per the reports, it has been found out that Samsung has started manufacturing the ASIC (Application Specific Integrated Circuit) chips. These chips have a focus on Mathematical calculations required for mining cryptocurrencies like Bitcoin and Ethereum. The move has been made in collaboration with an unnamed Chinese distribution group.
After its move, there is a big chance of competition with Taiwanese giant TSMC who control the ASIC market right now.
After reporting a whopping $69billion sales from its in-house chip manufacturing business, Samsung is pushing itself for more. Even though the cryptocurrencies are a sceptical term right now, time will tell whether Samsung's new business plans are going to give them anything or not.
Let me know in the comments of what do you think of the Samsung's Plans....
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