Samsung’s Bitcoin mining chips and its first two customers: PanSemi, a Chinese ASIC firm, and Qualcomm (NASDAQ: QCOM). It was reported that the latter has already made reservations for the chips.
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Now that is some real good news for Samsung. And also indicates the interest in mining by those companies.
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Earlier, Samsung was in the NFT market. Now, into mining chips. Interesting company.
It knows how to take opportunities and set the pace too.
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Where others see bubbles and threats, companies like Samsung see opportunity.
That's true. Taking opportunities at the right time seems to be doing well for the company.
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And here we were told the Chinese banned cryptocurrency mining.
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That also puzzles me.