The first quarter of 2018 brought to the manufacturers of components for mining record profits

Home page News The first quarter of 2018 brought to the manufacturers of components for mining record profits
The manufacturer of video cards AMD announced that in the first quarter of 2018, the share of cryptocurrency mining devices reached 10% of the company’s total revenue. This was stated by the financial director of the company Devinder Kumar.

According to him, the amount of revenue from AMD’s core business amounted to $ 1.65 billion, which is 40% more compared to the same period last year. At the same time, the aggregate demand for gaming and blockchain devices grew by 95%.

Kumar noted that the expected growth in demand for some products of the company in 2018 could lead to an increase in revenues by an average of 20% compared to last year, and the share of devices associated with mining could be from 7 to 9% of 2018 revenue.

Earlier, AMD CEO Lisa Soo expressed an optimistic attitude towards the prospects of producing video cards for mining various cryptocurrencies, noting that second-hand video cards on the market do not pose a significant risk for the company and that the software for the devices produced implies their diverse use.

Also, the South Korean company Samsung Electronics reported a 58% increase in its operating income in the first quarter of 2018 compared to the same period last year, which is largely due to the high demand for chips for cryptocurrency mining.

During a recent financial meeting, Samsung’s executive vice president of investor relations, Robert Yee, announced a new quarterly record of 15.6 trillion. Korean won ($ 14 billion), associated with an increase in the production of semiconductor products.

In particular, Yi pointed out such factors as the increase in memory requirements of servers, video cards, as well as the demand for chips for flagship smartphones and cryptocurrency miners (although in general the company predicts a decrease in demand for smart chips for smartphones).

At the same time, Samsung does not disclose exact figures regarding the production of "cryptocurrency" chips. Earlier, the technology giant received information that it was launching ASIC chips for the Halong Mining startup, as well as the release of microprocessors using 8nm and 11nm technology to meet the growing demand from the cryptocurrency industry.

The Taiwan chip maker TSMC during a recent meeting also noted the growing demand for its semiconductor products.