Bitcoin Miner Bitmain Caught Up In This Regulatory Crossfire

Quick Summary:

Taiwan Semiconductors Manufacturing Company (TSMC) reportedly halted chip shipments to Xiamen Sophgo, a Chinese semiconductor firm linked with Bitmain co-founder and chairman Micree Zhan, amid an ongoing US investigation into possible sanctions violations related to Huawei.

The move brought Zhan into conflict with his co-founder, Jihan Wu, who wanted the company to stick with its core business of developing Bitcoin ASICs.

TechInsights’ teardown of Huawei’s latest AI chip, the HiSilicon Ascend 910B, found that TSMC fabricated the chip.

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Article Details

Author / Journalist: Teuta

Category: Crypto

Markets: IndiaChinaCroatiaTaiwan

Topics: Bitmain Bitcoin Mining Bitcoin mining 24/7 Cryptocurrency News

Source Website Secure: Yes (HTTPS)

News Sentiment: Neutral

Fact Checked: Legitimate

Article Type: News Report

Published On: 2024-10-26 @ 17:44:02 (2 days ago)

News Timezone: GMT +8:00

News Source URL: coingape.com

Language: English

Article Length: 585 words

Reading Time: 4 minutes read

Sentences: 47 lines

Sentence Length: 13 words per sentence (average)

Platforms: Desktop Web, Mobile Web, iOS App, Android App

Copyright Owner: © CoinGape

News ID: 23252775

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About CoinGape

Main Topics: Crypto

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News Last Updated: 8 hours ago

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