Cryptocurrency Mining Is Now So Big It’s Showing Up In The Earnings Of The World’s Largest Chipmaker

Cryptocurrency miners are now influencing the fortunes of the world’s biggest chipmaker. Taiwan Semiconductor Manufacturing Company (TSMC) is responsible for over half of the world’s market for chips, and it’s the world’s largest contract manufacturer. Today it reported revenues (pdf) driven by demand from cryptocurrency miners for the second consecutive quarter.

TSMC management were cagey about the exact contribution from crypto miners in the fourth quarter, declining to give specifics when questioned by investors. But its chief financial officer, Lorna Ho named “continuing demand for cryptocurrency mining” as one of two growth factors for the quarter, major mobile product launches being the other. In the previous reporting period, co-chief executive officer Mark Liu told investors that it received $350 to $400 million in revenue from crypto miners.

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