Samsung is making strides to close the gap with Taiwan Semiconductor Manufacturing Company (TSMC) in the contract chipmaking industry. The Korean tech giant is banking on its advanced 2nm GAA process to gain momentum. Recent developments have seen two major Chinese cryptocurrency firms, MicroBT and Canaan, place significant orders with Samsung for 2nm mining chips, marking a notable achievement for the company. These firms, ranking as the second and third largest in the world for cryptocurrency mining equipment, have committed to using Samsung’s cutting-edge technology for their next-generation hardware. The combined value of these contracts is estimated at $480 million annually. Meanwhile, Samsung’s production for MicroBT’s order has already begun, with Canaan’s set to start early next year. Despite these gains, Bitman, the leading manufacturer in this sector, remains aligned with TSMC, potentially due to early capacity reservations. Additionally, Samsung’s 2nm process will also be utilized in the upcoming Exynos 2600 chipset for the Galaxy S26 series and in a substantial AI chip deal with Tesla.
Is Samsung gaining an edge over TSMC with Chinese cryptocurrency firms?
