On TSMC's earnings report for revenue by platform you can find categories like smartphone, high-performance computing, IoT and automotive, but nothing about crypto mining; BTC, ETH decline in Thursday trading. thesamreynods and JPRubin23 report
Fast forward to 2022 and TSMC is still skeptical about crypto’s long-term viability, especially when it’s also dealing with a period of high demand from other customers.
Given Taiwan and China’s tense political status, the Taiwanese government does not allow Chinese firms to establish research hubs to develop technology for export to China. Chinese firms are allowed to set up branch offices in Taiwan, but they need to be specifically registered with the government and are closely monitored.requires the company to attest
So it’s easy to see why TSMC doesn’t prioritize the crypto industry. The company bet big on crypto during the last bull run, and it was burned when the bear market started. Given the continued demand for semiconductors worldwide, there are also plenty of demand elsewhere.Bitcoin continued to bounce around the $40,000 price level this week, indicating uncertainty among market participants.
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