Samsung confirmed in January that it had begun manufacturing ASIC chips used for mining cryptocurrencies such as bitcoin and ether. Without providing details, a company spokesperson told Techcrunch at the time that “Samsung’s foundry business is currently engaged in the manufacturing of cryptocurrency mining chips.”
“Earnings growth should continue in 2Q18, driven by demand for HPC-based semiconductors and an increase in supply of new 10nm process products,” Samsung Electronics detailed, emphasizing that “In the foundry business, despite a decline in demand for mobile parts due to seasonal weakness in 1Q18, earnings increased on the back of high-performance computing (HPC) chip orders.
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