THELOGICALINDIAN - South Korean Samsung Electronics saw its operating profits billow in the aboriginal analysis of this year compared to the antecedent year The aggregation attributes the access to its semiconductor analysis which articles bitcoin mining chips and says that it expects the trend to abide into the additional quarter
Also read: Yahoo! Japan Confirms Entrance Into the Crypto Space
Profits Surging
A apple baton in avant-garde semiconductor technology, South Korean Samsung Electronics Co. Ltd. afresh appear its 1Q18 balance results. Samsung Electronics is the flagship aggregation of the Samsung Group with accumulation plants and sales arrangement in 80 countries.
In the aboriginal division of this year, the aggregation recorded circumscribed balance of 60.56 abundance won (~US$56 billion). Its operating profits were 15.64 abundance won (~$14.5 billion), a 58% access from 9.9 abundance won (~$9.2 billion) accomplished during the aforementioned aeon aftermost year. Meanwhile, its year-on-year sales grew about 20%.
The Seoul Newspaper abundant that Samsung Electronics’ “semiconductor division…accounted for about three-quarters (73%) of absolute operating profits, arch the aggregation to a almanac high.” Samsung explained:
Samsung’s Mining Chips & Earnings Outlook
Samsung confirmed in January that it had amorphous accomplishment ASIC chips acclimated for mining cryptocurrencies such as bitcoin and ether. Without accouterment details, a aggregation agent told Techcrunch at the time that “Samsung’s branch business is currently affianced in the accomplishment of cryptocurrency mining chips.”
Samsung Electronics offers architecture casework which affix “mid-to small-sized companies with able ASIC architecture casework and support.” In January, the Samsung Advanced Branch Ecosystem affairs was launched to ensure abysmal accord amid the Samsung foundry, ecosystem partners, and customers.
Mining rig architect Halong Mining has ahead appear that its flagship product, the Dragonmint T1 Miner, uses Samsung’s 10nm T1558 mining chips, calling them “the first-ever 10nm bitcoin mining chips.” Halong says their rig is “the world’s best able bitcoin miner, operating at 16TH with Asicboost technology central for greater ability efficiency.”
“Earnings advance should abide in 2Q18, apprenticed by appeal for HPC-based semiconductors and an access in accumulation of new 10nm action products,” Samsung Electronics detailed, emphasizing that “In the branch business, admitting a abatement in appeal for adaptable genitalia due to melancholia weakness in 1Q18, balance added on the aback of high-performance accretion (HPC) dent orders.” The aggregation connected to share:
Mining Chip Market
In the acreage of ASIC mining dent manufacturing, Samsung Electronics is aggressive with a few added chipset manufacturers. The better is Taiwan’s TSMC, which food mining chips to mining accouterments makers such as Bitmain and Canaan. Recently, news.Bitcoin.com reported on TSMC hitting almanac sales during March due to appeal for the accouterments appropriate for crypto mining.
According to a Trendforce abstraction appear in November of aftermost year, TSMC captivated a 55.9% bazaar allotment by acquirement in the semiconductor branch business, followed by Global Foundries with 9.4% bazaar share, UMC with 8.5% and again Samsung with 7.7% bazaar share.
Do you anticipate Samsung will anon accretion bazaar allotment in the mining dent market? Let us apperceive in the comments area below.
Images address of Shutterstock, Samsung, and TSMC.
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