Samsung Starts Making ASIC Chips For Crypto Currency Mining

Joining the cryptocurrency rush, Samsung has announced that it has begun manufacturing ASIC (application-specific integrated circuit) chips. These chips come in handy for crunching through calculations for mining cryptocurrencies, such as Bitcoin.

While the info on this development is quite scarce, multiple reports suggest that Samsung is collaborating with an unnamed Chinese distribution partner to develop these ASIC chips.

This move from Samsung could very well be aimed at maintaining its lead over Intel as the biggest chipmaker by revenue. But, it is also possible that the Korean giant just wants a big piece of the cryptocurrency mining pie.