Bitcoin News

Samsung Considering $10 Bln Chip Making Plant In Texas.

Leading smartphone manufacturer ‘Samsung’ is considering bankrolling an Austin, Texas-based chip making plant with “upwards of $10 Bln,” in line with an official report from Bloomberg.

Sources told Bloomberg the technology firm plans for its facility to be capable of producing 3-nanometer chips within the future.

The exact spend amount could fluctuate, but Samsung is vying to bring back to the United States some of the chip fabrication market share that Asian markets presently control.

“This is the news the bitcoin mining industry has been anxiously waiting for; a United States-based chip foundry will drastically change the facility dynamic between the East and the West,” added Nick Hansen, CEO of Seattle-based firm Luxor Technology.

Within the future, this might have positive effects for supply chain strains suffered by bitcoin mining machine manufacturers that routinely struggle to acquire a steady and sufficient quantity of chips from foundries.

“Presently, accessing consistent supply of mining machines may be a huge bottleneck for industry growth. This may uproot a long-held duopoly in China that has broad-reaching implications,” Hansen added.

But bitcoin miners face incredibly strong competition for these chips from technology giants along with Apple as well as Nvidia, making them a way lower priority user for several foundries.

Amid a surge in bitcoin’s price & interesting in mining, demand for brand spanking new mining ASICs and existing manufacturing constraints have caused leading manufactures like Bitmain to sell out of mining ASICs almost through the end of this year.

As per Bloomberg, Samsung plans to take a position $116 Bln into its foundry and chip design businesses over subsequent decade within a strong bid to overtake leading manufacturer TSMC.

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