Squire Mining Ltd. Announces Samsung Electronics as Foundry Partner to Manufacture ASIC Chips
September 25, 2018 at 11:49 am
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Squire Mining Ltd. announced Gaonchips as design house and Samsung Electronics as chosen foundry partner to manufacture ASIC chips in Korea. Front-end development team of engineers and programmers is currently working with Gaonchips to develop the Company's initial ASIC chip to mine Bitcoin Cash, Bitcoin, and other associated cryptocurrencies using a wafer process technology that, once confirmed and accepted as meeting certain prescribed specifications and criteria, will form the basis of an initial mass production test run of the ASIC chip by Samsung Electronics. In addition, once a working FPGA prototype of initial ASIC chip is developed, the company will be able to aggressively accelerate the design and development of initial mining rig for Bitcoin Cash, Bitcoin, and associated cryptocurrencies.
Samsung Electronics Co Ltd is Korea-based company principally engaged in the manufacture and distribution of electronic products. The Company operates its business through four segments. The Information Technology & Mobile Communications (IM) segment manufactures computers, handhold phones (HHPs), network systems, digital cameras and others. The Device Solutions (DS) segment provides semiconductor and display parts, including dynamic random access memories (DRAMs), flashes, thin film transistor-liquid crystal displays (TFT-LCDs) and others. The Consumer Electronics (CE) segment manufactures color televisions (CTVs), monitors, printers, air conditioners, refrigerators, laundry machines and others. The Harman segment manufactures headunits, infotainment, telematics, speaker, among others. The Company distributes its products within domestic market and to overseas markets.