Tagtsmc

Bitmain's Chip Supplier Saw a 'Big Drop' in Crypto Mining Sales Last Year

bitmain bitcoin mining crypto

Taiwan Semiconductor Manufacturing Company Limited, who provides chips to Bitcoin mining giant Bitmain, says that 2018 saw a downturn in demand for crypto mining chips. In a recent conference call with investors, TSMC CEO C. C. Wei said that cryptocurrency had previously accounted for “a lot” of the company’s orders, but that it had gone down since the boom year of 2017. 'No Comment' Presumably...

Apple’s Asia Suppliers Slash Sales Forecasts as US-China Trade War Bites

Apple’s suppliers in Asia are cutting sales forecasts in anticipation of reduced iPhone sales as the U.S.-China trade war drags on. Among the hardest hit include Taiwan Semiconductor Manufacturing CO (TSMC) which singlehandedly supplies the iPhone’s core processor chips. According to the Nikkei Asia Review, TSMC estimates that its revenues during this year’s first quarter will fall by 22%...

Apple’s Chipmaker Braces For Dampening Crypto Mining Demand

TSMC crypto mining

Taiwan Semiconductor Manufacturing Company (TSMC), the world’s largest independent semiconductor foundry, predicted that its fourth-quarter revenue would increase by only a couple percentage points, forecasting revenues of 9.35 billion to 9.45 billion. Its 2017 fourth-quarter revenue was 9.2 billion. Weakening Crypto Demand TSMC, based in Hsinchu, Taiwan, is not only the world’s largest...

$15 Billion Bitcoin Mining Firm Bitmain is Losing Competitive Edge: Analyst

bitmain ipo

The bad news continues to pile up for bitcoin mining giant Bitmain ahead of its historic public offering. According to Bloomberg, market research firm Sanford C. Bernstein & Co. has published a report alleging that the China-based Bitmain, the world’s largest manufacturer of the application-specific integrated circuit (ASIC) devices that dominate the cryptocurrency mining industry, is...

Samsung Begins Manufacturing ASIC Chips for Bitcoin Mining Rigs: Report

Samsung Bitcoin mining

Electronics giant Samsung has begun manufacturing ASIC chips designed for Bitcoin mining, according to local media reports. The firm, which owns one of the world’s largest semiconductor manufacturing plants, completed the development of its ASIC chips last year and began mass production this month. Samsung is supplying its ASIC chips to an unnamed Chinese company that manufactures Bitcoin mining...

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