Bitcoin mining has been pushing the growth of important chipmakers, such as Nvidia and Advanced Micro Devices Inc. (AMD). Now, tech giant Taiwan Semiconductor Manufacturing Co Ltd. (TSMC) plans to significantly increase its revenue from the crypto-mining devices segment.
Crypto-Mining Driving TSMC’s Growth
TSMC provides semiconductor manufacturing devices and services for a range of industries. Most notably, the company supplies chips to Apple.
AppleInsider reports that TSMC might have reached a deal to be the exclusive supplier of the “A11” bionic processor that will be embedded in Apple’s 2018 iPhones.