Through collaboration with Samsung, which will be responsible for chip production, and Gaonchips, which will be responsible for semiconductor development, Squire Mining plans to release its own ASIC chip for bitcoin mining by September 30, 2018.
The Squire team of developers and programmers, together with the Gaonchips team, is currently developing a new generation chip with a capacity of 10 nm for mining Bitcoin Cash, Bitcoin and other cryptocurrencies. After completing a sample that meets the qualification criteria, the company will launch mass production of chips, which will be produced at Samsung Electronics factories.
Squire has recently stepped up its activities in the cryptocurrency market. Back in August, itclosed capital financing through a C$25,500,000 ($19.5 million) equity offering. That same week, blockchain mining company Coingeek announced that it would be collaborating with Squire and would use the company's chips under its own brand. Coingeek will also receive the exclusive right to sell, advertise and promote new chips and mining farms for mining bitcoin cash from Squire.
In 2018, Samsung entered the market of ASIC chips for mining and managed to conclude very profitable agreements on the production of chips with several mining companies. The record growth in company profits due to the production of chips and mining equipment has increased competition between major market players. The Korean company Samsung and the Taiwanese company TSMC earned the most money from chip production this year. In addition, Samsung and TSMC will remain the only chipmakers this year as Globalfoundries has canceled production of its next-generation semiconductors.
Also recently, a Chinese mining equipment manufacturer released a new E-11 mining rig using 10nm chips. However, Ebang, Canaan and several other manufacturers using 10 nm technology are in no hurry to say who produces such chips for them. Bitmain announced this week that its new 7nm BM1391 ASIC chip is being manufactured by TSMC.
According to https://news.bitcoin.com/
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