Samsung has developed new chips for ASIC miners – Bits Media

South Korean electronics giant Samsung completes testing and begins test production of 3-nanometer chips.

New chips are compatible with application specific integrated circuits, designed for ASIC miners. Technological innovation from Samsung is designed to solve a number of critical problems, related to bitcoin mining, eg, will reduce energy consumption by 30 %. Besides, the use of new chips can increase mining speed by approximately 15 %, and also increase the translator density to 33 %. 

Chinese manufacturer of application chips PanSemi and American wireless communications development and research company Qualcomm showed interest in Samsung's new development., who placed an order for production and reserved the first batches of chips.

Initially, Samsung will produce and supply 3nm chips to the Chinese market for the benefit of the largest ASIC miner manufacturers.

In June, a subsidiary of Samsung Corporation's investment arm announced the creation of the "first-ever" exchange-traded fund in the history of Hong Kong and Asia on the Hong Kong Stock Exchange. (ETF) on the papers of blockchain companies.