Chinese firm advances Bitcoin mining chip technology defying U.S. sanctions
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Despite the United States government’s sanctions still in effect on supplying it with the necessary equipment, China’s flagship manufacturer of chips used in mining Bitcoin (BTC) has reportedly made a cutting-edge breakthrough in its semiconductor technology.
Indeed, according to a blog post by industry watcher TechInsights published on July 19, it appears that Semiconductor Manufacturing International Corporation (SMIC) is now supplying Bitcoin mining semiconductors built using the advanced 7-nanometer technology, Bloomberg’s Debby Wu and Jenny Leonard reported on July 21.
As per the report, the new technology is two generations ahead of SMIC’s established 14-nm semiconductors, as it allows the manufacturing of smaller transistor widths for the purpose of producing faster and more efficient mining chips.
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