Samsung Confirms It's Now Making Cryptocurrency Mining Chips

South Korean news outlet The Bell first revealed the news on Jan. 30, stating that Samsung was kicking off manufacturing in January, aiming to provide application-specific integrated circuits (ASICs) to an unnamed Chinese mining firm.

A company spokesperson has since told TechCrunch:

"Samsung's foundry business is currently engaged in the manufacturing cryptocurrency mining chips."

The South Korean tech giant, however, did not provide any details on its customers or the chips, TechCrunch states.