Bitcoin (BTC) Mining Industry Resilient to Trump Tariffs

Manufacturers of Bitcoin (BTC) mining equipment will not be adversely affected by the latest round of tariffs imposed by the White House on the semiconductor industry. This is because major chip manufacturers, such as TSMC and Samsung, are exempt from these new regulations due to their significant investments within the United States.

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Taiwanese officials have confirmed to local media that TSMC's facilities in Phoenix, which commenced operations in 2023, qualify them for an exemption from the 100% tariffs. Similarly, South Korean officials have verified that Samsung will receive a comparable exemption, attributed to its fabrication plants in Texas.

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Application-Specific Integrated Circuits (ASICs) are specialized hardware devices meticulously engineered for the singular purpose of mining Bitcoin (BTC). These sophisticated machines are the brainchild of prominent BTC mining firms, including industry titans like Bitmain, Canaan, and Bitdeer. The manufacturing process of these cutting-edge ASICs is entrusted to world-renowned semiconductor foundries, most notably TSMC (Taiwan Semiconductor Manufacturing Company) and Samsung. This collaboration between design innovation from leading mining companies and advanced manufacturing capabilities from semiconductor giants ensures the production of highly efficient and powerful ASICs that form the backbone of the global Bitcoin mining network.

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Bitdeer has confirmed their partnership with TSMC for manufacturing the ASICs used in their miners, indicating they will not be impacted by tariffs. They also anticipate opening a U.S.-based factory for miner assembly within a year.

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The market appears largely unaffected by the new tariffs. The TAIEX, Taiwan's stock market index, is projected to open Friday up 2.3% in Taipei, with TSMC climbing 3% and nearing record highs.

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Even companies targeted by these tariffs are performing well. SMIC, TSMC's Shanghai-based competitor, despite lacking a U.S. facility, has seen gains this week in Hong Kong, outperforming the Hang Seng index.