Intel launches blockchain chip to tap crypto boom


FILE PHOTO: The Intel Corporation logo is seen on a display in a store in Manhattan, New York City, U.S., November 24, 2021. REUTERS/Andrew Kelly

(Reuters) - Intel Corp on Friday launched a new chip for blockchain applications such as Bitcoin mining and minting NFTs to cash in on the rising usage of cryptocurrencies.

The chip will ship later this year and the first customers include Block Inc, the Jack Dorsey-led firm that recently changed its name from Square Inc to highlight its growing focus on the blockchain.

Subscribe to The Star Yearly Premium Plan for 30% off

Cancel anytime. Ad-free. Full access to Web and App.

Monthly Plan

RM 13.90/month

RM 9.73/month

Billed as RM 9.73 for the 1st month, RM 13.90 thereafter.

Best Value

Annual Plan

RM 12.39/month

RM 8.63/month

Billed as RM 103.60 for the 1st year, RM 148 thereafter.

Follow us on our official WhatsApp channel for breaking news alerts and key updates!

Next In Tech News

US online spending surges $24.1 billion as steep discounts boost sales, Adobe says
Opinion: Will Big Tech transform school into an AI video game?
DeepSeek bans being issued in growing number of countries
Google to pay $2.4 billion in deal to license tech of Windsurf, WSJ reports
Opinion: ChatGPT’s mental health costs are adding up
Elon Musk says his new AI model 'better than PhD level in everything'
Google hires Windsurf execs in $2.4 billion deal to advance AI coding ambitions
Apple bids for Formula 1 US streaming rights, Business Insider reports
Musk's xAI seeks up to $200 billion valuation in next funding round, FT reports
Paris prosecutors ask police to join investigation of Musk's X

Others Also Read