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Samsung is making chips built specifically for cryptocurrency mining

Samsung’s semiconductor business continues to go from strength to strength. It’s 2017 financial results saw it put an end to Intel’s 25-year reign as the world’s biggest chipmaker, with a total revenue of US$69.1 billion versus Intel’s US$62.8 billion.

However, the South Korean electronics giant shows no sign of slowing down, and it has since confirmed that it has begun making ASIC chips used to mine cryptocurrencies like bitcoin and ether.

“Samsung’s foundry business is currently engaged in the manufacturing of cryptocurrency mining chips. However we are unable to disclose further details regarding our customers,” a company spokesperson told TechCrunch.

Samsung already produces memory chips for GPUs and mobile devices, in addition to NAND flash, so the latest move amounts to just another feather in its cap.

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