Intel Doubles Down On Chips, Enters $30 Billion Deal To Build New Factory
Intel is not done yet. The company’s plan to become a big player in the semiconductor business is even more ambitious than we thought. Today’s news arrives via the WSJ, “Intel Corp. has struck an unusual $30 billion funding partnership with Brookfield Asset Management Inc.” Both companies will finance and build a new factory in Chandler, Arizona. Apparently, this is the first of many similar deals for Intel. The company wants to build chip manufacturing capabilities fast and it’s using co-investment as a way to raise money outside of the traditional banking system. For its part,....
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The Bitcoin mining company is expanding to Texas with new custom-built 'greener' mining devices that will be powered by Intel Bonanza Mine chips. Publicly traded crypto mining company HIVE Blockchain Technology has signed a deal to buy ASIC chips from semiconductor manufacturer Intel that will be used in their new custom mining devices.HIVE has arranged for the new devices to be made by a third-party custom design manufacturer that will integrate the Intel chips into new air-cooled Bitcoin (BTC) mining devices. HIVE expects that the new devices will nearly double its aggregate Bitcoin....
Intel played a big role in President Biden ’s State of the Union address. He highlighted the company’s plan to manufacture semiconductor chips in Ohio, and said, “Make more cars and semiconductors in America. More infrastructure and innovation in America.” Was he secretly approving Intel’s plan to produce ASIC bitcoin miners? Or did he not know that those semiconductors are an integral part of those machines? Make no mistake, semiconductor chips or integrated circuits are an integral part of almost every technological device around you. And Intel is a huge company with many products....
While we have been reporting on late shipments of Bitcoin miners from Butterfly Labs, hope is on the horizon as the first of the new Single Bitforce SC (Super Computer) 60 GH/s units has been shipped from the Butterfly Labs HQ in Kansas. We caught this information from Butterfly Labs forum user, "Lab_Rat". This user went on a visit to the factory where the units are being burned, boxed and dispatched. According to the unboxing and factory tour posts the device will likely consume 270W while running at the top 60 GH/s (gigahashes per second). Lab_Rat reports that the ASIC chips used in the....
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