Sunday, 21 October, 2018

Samsung is now working to make chips specifically designed for cryptocurrency mining

Bitcoin mining Surging Samsung Electronics Takes Intel's Chipmaking Crown
Mandy Jefferson | 02 February, 2018, 12:15

Taiwanese company TSMC, which makes chips for Bitmain and Creative, added $350-400 million in revenue in the last quarter from the crypto-mining business alone.

The South Korean company overtook Intel to become the biggest chipmaker past year.

Samsung has confirmed that it has begun manufacturing ASIC chips that are used to mine cryptocurrencies such as Bitcoin, Ethereum among others.

But Samsung's entry into this space, even as potentially just a parts supplier, might mean their profits could now be affected by increased or decreased bitcoin mining demand and more generally crypto mining as they also mass produce GPUs.

Analysts expect display profits to grow this year thanks to Samsung's sales of organic light-emitting diode screens for Apple iPhones as well as Samsung's own handsets.

A stock split is a decision by a company's board of directors to increase the number of shares that are outstanding by issuing more shares to current shareholders.

The company says it had received numerous requests for a stock split based on the view that a high share price was a hindrance to potential investors.

DMX Going Back To Jail For Allegedly Failing Drug Tests
Back in August 2017, the site reported that DMX had entered a rehab program while he was out on bail for tax evasion . Rakoff also said DMX was a "genuine flight risk", who repeatedly lied about complying with the terms of his bail.


The huge energy demands from bitcoin mining, much of which is located in China, has also led to concerns about its environmental impact.

The outlook for Samsung's smartphones is uncertain amid competition from Chinese rivals in markets like Europe and Asia, with the mobile division expected to show shipment growth of about 1-2 percent in 2018 versus 2017, said Tom Kang, research director at data provider Counterpoint.

Currently, the company is focusing on manufacturing of crypto-currency mining chips.

Samsung expects this momentum to continue in the new year as well because it expects demand for NAND to remain strong.

Announcing its fourth-quarter earnings results on January 31, Samsung said potential risks from a certain client are not that much of a concern since it has diversified its customers.

Samsung's display business, which supplies Apple with OLED screens, was up five percent from the same period previous year.

Intel Corp. posted record revenue in 2017, but it wasn't enough.

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