Samsung is considering bankrolling an Austin, Texas-based chipmaking plant with”up of $10 billion,” a report from Bloomberg.
Sources told Bloomberg that the tech provider plans because of its centre to be capable of producing 3-nanometer chips later on.
Precisely the spend amount could vary, but Samsung is vying to return to the U.S. some of the processor fabrication market reveal that Asian markets now control.
“This is the information that the bitcoin mining sector has been anxiously waiting for; a U.S.-based chip foundry will drastically alter the power dynamic between the East and the West,” said Nick Hansen, CEO of Seattle-based mining company Luxor Technology, at an immediate message with CoinDesk.
In the future, this could have positive consequences for supply chain strains suffered by bitcoin mining system makers that routinely fight to acquire a steady and sufficient quantity of processors from foundries.
“Currently, accessing consistent distribution of mining machines is a massive bottleneck for business growth. This may uproot a long-held duopoly in China which has broad-reaching implications,” Hansen said.
However, bitcoin miners face exceptionally strong competition for these chips from tech giants including Apple and Nvidia, making them a much lower priority customer for most foundries.
Amid a surge in bitcoin’s cost and intriguing in mining, demand for new mining ASICs and existing manufacturing limitations have caused major manufactures like Bitmain to market out of mining ASICs almost throughout the end of 2021.
Bloomberg reported that Samsung plans to invest $116 billion to its foundry and chip layout businesses during the next decade in a powerful bid to overtake leading manufacturer TSMC.