But the global chip shortage means semiconductor foundries like Taiwan Semiconductor Manufacturing Co. are already scrambling to fill other orders. They are also cautious about adding new capacity given how finicky crypto demand has proven to be. Bernstein estimates that crypto will only contribute about 1% TSMC’s revenue this year, versus around 10% in the first half of 2018 during the last crypto boom.
Looking at the WSJ source, looks like it’s actually arguing that Bitcoin mining wasn’t a big cause of the global chip shortage. And that 1% was a low, and that it had previously been 10%.
Still less than I’d expected, but 10% seems plausibly enough to significantly boost profits?
Looking at the WSJ source, looks like it’s actually arguing that Bitcoin mining wasn’t a big cause of the global chip shortage. And that 1% was a low, and that it had previously been 10%.
Still less than I’d expected, but 10% seems plausibly enough to significantly boost profits?