Samsung is now heavily invested in the cryptocurrency business – Partners with TSMC Taiwan

According to reports, South Korean tech giant, Samsung, has agreed to contracts with Taiwan’s chip manufacturer, TSMC, to mass produce ASIC hardware to ramp up their cryptocurrency mining roadmap.

The said ASIC chips being produced, is to supply an unnamed company in China that manufactures crypto mining equipment.

Samsung spokesperson confirmed to media outlets ““We are in the middle of a foundry business that is being supplied to a virtual money mining company in China.”

Samsung’s businesses move is a big step moving into the cryptocurrency space, drawing criticism for acting too early towards the unforeseeable future of cryptocurrency.

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