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Samsung Considers Investing $10 Billion In Texas Chipmaking Plant, Which Will Benefit The Crypto Mining Industry
Summary: According to Bloomberg, Samsung is considering injecting "more than $10 billion" into a chip manufacturing plant in Austin, Texas, with an aim to produce 3-nanometer chips in the future. In addition, Samsung plans to invest $116 billion in its foundry and chip design business within the next ten years, trying to catch up with TSMC in ...
According to Bloomberg, Samsung is considering injecting "more than $10 billion" into a chip manufacturing plant in Austin, Texas, with an aim to produce 3-nanometer chips in the future.
In addition, Samsung plans to invest $116 billion in its foundry and chip design business within the next ten years, trying to catch up with TSMC in the chipmaking market.
For the crypto mining industry, the US-based chip foundry will completely change the competitiveness of the Asian and North American markets in the miner supply chain.
Nick Hansen, CEO of Luxor, a Seattle mining company, told Coindesk: "Currently, accessing consistent supply of mining machines is a huge bottleneck for industry growth. This will uproot a long-held duopoly in China that has broad-reaching implications."
By Mary Liu
Tags: Crypto Mining,Miners,Nick Hansen,Samsung
Link: Samsung Considers Investing $10 Billion In Texas Chipmaking Plant, Which Will Benefit The Crypto Mining Industry [Copy]
