Samsung expects cryptocurrency mining chips to grow in the second half of 2019

On July 31, Samsung Electronics announced its second-quarter results, which led to a sharp drop in profits, but the demand for encrypted mining chips continued to increase. According to the second quarterly report, Samsung reported operating profit of 6.6 trillion won (about 5.57 billion US dollars) and sales of 56.13 trillion won. According to reports, the company has dropped 56% compared with the same period last year. However, Samsung expects cryptocurrency mining chips to grow in the second half of 2019. The report said that in the second half of the year, revenue growth is expected to continue as orders for APs, image sensors and DDI continue to expand, and demand for HPCs (including cryptocurrency mining chips) increases.