Categories: Bitcoin Entertainment

ASIC Design Firm Alchip to Debut on Taiwan Stock Exchange

Click here to view original web page at www.coindesk.com


Stock exchange screen

Chip designer Alchip Technologies is to debut on the Taiwan Stock Exchange next Tuesday, 28th October.

The Taiwan-based firm, which is known for its bitcoin-mining ASICs, is already a public company and is currently listed on the Taiwan Emergent Market under the stock ticker number 3661.

Although the public offering will bring additional reporting requirements, the move will open the company up to institutional and private investors and also bring a boost to its profile within the industry.

At a time when many bitcoin hardware manufacturers are struggling and facing numerous challenges, Alchip is doing rather well.

The firm's market cap has doubled over the past 12 months and it is currently valued at about $175m. Alchip reported revenue of $113m in the first three quarters of 2014.

Designing silicon for miner makers

Alchip specialises in integrated circuit design, more specifically the company is best known for its CMOS (complementary metal-oxide semiconductor) and graphics ASICs used in older games consoles such as the PlayStation 2.

Over the past decade, Alchip has received investments from several tech heavyweights, including Acer and Cisco. Notably, Taiwan Semiconductor Manufacturing Company (TSMC), the biggest contract chipmaker in the world, owns a 20% stake in the firm.

In the world of bitcoin hardware, Alchip's rise to prominence is linked to KnCMiner and Avalon. Alchip helped design bitcoin mining ASICs for both firms, using 28nm and 20nm manufacturing processes.

Earlier this year, KnC announced the Neptune, the world's first 20nm bitcoin ASIC. Alchip and Advanced Semiconductors Technology (AST) helped develop and produce the Neptune, along with the 28nm KnC Jupiter miner.

Alchip does not have any chip foundries of its own, relying instead on TSMC and Semiconductor Manufacturing International Corporation foundries for manufacturing.

Secrecy is the norm

Although Alchip is a public company, details on the company's involvement in the ASIC space are hard to come by. Over the past two years, Alchip has issued a number of press releases covering the company's relationship with KnC, but at the same time bitcoin ASICs are not mentioned on the official website or in company brochures.

Bitcoin mining hardware companies tend to be very secretive, but the same is true of all chip companies, as they go to great lengths to keep unannounced products away from prying eyes.

Bitcoin ASICs are just part of the story for Alchip, as the firm is also working on ASICs for cloud computing, ARM SoC designs for Internet of Things applications, wearables, handheld gaming devices and more.

Hat Tip: Digitimes

Stock exchange screen image via Shutterstock

AlchipASICs

The Taiwan-based firm, which is known for its bitcoin-mining ASICs, is already a public company and is currently listed on the Taiwan Emergent Market under the stock ticker number 3661 .

Although the public offering will bring additional reporting requirements, the move will open the company up to institutional and private investors and also bring a boost to its profile within the […]

cinerama

Illuminati, Mason, Anonymous I'll never tell. I can tell you this, global power is shifting and those who have the new intelligence are working to acquire this new force. You matter naught except to yourself, therefore prepare for the least expected and make your place in the new world order.

Disqus Comments Loading...
Share
Published by
cinerama
Tags: press

Recent Posts

Ripple Gives One Billion XRP to Former CTO Startup, Plus Paying For Publicity

Ripple Labs, the company behind XRP, has given for free some 1 billion XRP, worth $270 million, to a company… Read More

3 hours ago

54% of Bitcoin Volume on “Lower Quality Exchanges”: Report

The vast majority of the world’s cryptocurrency trading volume is in the hands of “lower quality exchanges”, while the world’s… Read More

3 hours ago

Bitcoin is Used more by Civilians than Some Bankers, Lawmakers or Terrorists

In many countries, including Palestine and the entire world at large, Bitcoin is used more by civilians than some bankers… Read More

3 hours ago

Billionaire Investor Tim Draper Claims Bitcoin Prices Will Hike Upto $250,000 By 2022

Very rich person Investor Tim Draper Claims Bitcoin Prices Will Hike up to $250,000 by 2022Bitcoin (BTC) may proceed to… Read More

3 hours ago

Bitcoin (BTC) mining giant Bitmain firm announces purchasing more crypto mining chips that subject to a potential profit of $1.2 billion

Risk Disclaimer - By using this web site you agree to its terms and conditions. All materials, including but not… Read More

3 hours ago

Squeaky-Clean Apple Is Quietly Pummeling Its FAANG Stock Buddies

Apple stock is brushing off a decline in iPhone sales while continuing to make gains in 2019. | Source: REUTERS/Joshua… Read More

3 hours ago

This website uses cookies. We use these cookies to collect data about your interaction with our website for the purpose of continuously improving your experience with our site. For more information we encourage you to read our privacy policy.

Read More