Daily Review: The World’s Biggest Chipmaker Steps into Cryptocurrency Mining Space

As crypto heats up markets and draws the attention of all possibly touched parties, technology companies are seeking to explore new income avenues, one of which is cryptocurrency mining chips. Samsung, the world’s biggest smartphone chip maker, has started producing cryptocurrency mining chips, heating up the competition with big Chinese names.

Pick #1. Samsung Confirms It Is Making ASIC Chips for Cryptocurrency Mining

Samsung has begun manufacturing ASIC chips, which are used to mine Bitcoin, Ether and other cryptocurrencies.

Samsung’s foundry business is currently engaged in the manufacturing of cryptocurrency mining chips, – A Samsung spokesperson said.

The news brings big-name competition to the ASIC space, which is dominated by China’s

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