Squire Mining Discloses Next-Generation ASIC Chips Will Be Made by Samsung


This week the agency Squire Mining, an organization that plans to supply next-generation 10nm ASIC chips, has revealed it’s working with Samsung Electronics as its foundry associate. With assist from Samsung’s foundry, Squire, and an organization known as Gaonchips, plan to finish its ASIC chip FPGA prototype by September 30, 2018.

Additionally learn: Ebang Broadcasts 44 Terahash E-11 Miners With 10nm Chips

Squire Mining Broadcasts New ASICs Will Use Samsung Semiconductors

Squire Mining Discloses Next-Generation ASIC Chips Will Be Made by SamsungOn Tuesday the corporate Squire Mining Ltd., (CSE: SQR), has introduced the enterprise partnered with two main corporations from Southeast Asia, Gaonchips and Samsung Electronics. Based on the Canada-based Squire, the collaboration will concentrate on producing next-generation 10nm ASIC chips for bitcoin mining. Gaonchips will likely be used for Squire’s semiconductor design home and Samsung will manufacture the ASIC chips in Korea.

Squire explains in the course of the agency’s partnership announcement on September 25 stating:  

Our front-end improvement staff of engineers and programmers is at present working with Gaonchips to develop the corporate’s preliminary ASIC chip to mine Bitcoin Money, Bitcoin, and different related cryptocurrencies utilizing a wafer course of know-how that, as soon as confirmed and accepted as assembly sure prescribed specs and standards, will type the premise of an preliminary mass manufacturing check run of the ASIC chip by Samsung Electronics.

Squire Mining Discloses Next-Generation ASIC Chips Will Be Made by Samsung

Squire Closes $19.5M Non-public Fairness Financing, Alongside a Partnership With Coingeek

Squire has been making numerous strikes inside the cryptocurrency business these days. Again in August Squire closed its non-brokered personal placement fairness financing of $25,500,000 CAD ($19.5 million USD). Throughout the identical week in August, the blockchain firm and mining pool Coingeek revealed it was partnering with Squire. Coingeek defined that it might be utilizing Squire’s 10nm chips however could be allowed to make use of the Coingeek model. Coingeek defined it might be “granted the unique proper to market, promote, solicit, promote and distribute Squire’s new ASIC chips and mining rigs” for bitcoin money (BCH) mining.

Bitcoin Mining Bolsters Samsung and TSMC to Present the Subsequent Technology Chip Know-how

Samsung has been quietly coming into the ASIC mining business with stealth in 2018. It appears Samsung has additionally allegedly made chips for a couple of different mining producers this 12 months for mining rig producers like Innosilicon. Halong Miners claimed to make use of Samsung 10nm chips this 12 months, however the agency has been accused of being a mock-up firm who rapidly bought a batch of rebranded Innosilicon miners. Nonetheless, the Innosilicon T2 and T2 Turbos do have Samsung 10nm chip know-how. Moreover, we reported that Samsung and TSMC could be the lone producers this 12 months as a result of Globalfoundries has canceled the agency’s next-generation 7nm semiconductor manufacturing.

Samsung and TSMC have acknowledged report earnings in 2018 have been attributed to ASIC semiconductor manufacturing. Additional, a slew of recent mining rigs have been introduced over the previous few weeks like Ebang’s E-11 collection with 10nm chips. Nevertheless, Ebang, Canaan, and some different producers utilizing 10nm know-how haven’t revealed which foundry their new 10nm structure derives from. Earlier this week a Bitmain consultant informed information.Bitcoin.com that the brand new BM1391 ASIC 7nm chip stemmed from TSMC foundry.

What do you concentrate on Squire’s current partnership announcement with Samsung and Gaonchips? Tell us what you concentrate on this topic within the remark part under. 

Photos by way of Shutterstock, Samsung, SQR Mining, and Pixabay

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