Bitdeer, a leading provider of ASIC (Application-Specific Integrated Circuit) design and manufacturing services, has announced its decision to acquire Desiweminer, a renowned ASIC design company, in a strategic move to bolster its ASIC design capabilities. The acquisition, which follows a comprehensive ten-month evaluation period, underscores Bitdeer’s commitment to expanding its offerings and enhancing its position in the competitive semiconductor market.
Desiweminer, known for its sophisticated chip designs suitable for ultra-fine 4nm processes, will see its team integrated into Bitdeer’s operations in Singapore. The acquisition is poised to accelerate product development and enhance Bitdeer’s position in the semiconductor market.
“Desiweminer’s remarkable achievements in ASIC design and their proven track record, with nearly 30,000 high-performance machines in the market, make them one of the top ASIC design groups in the world,” said Linghui Kong, Chief Business Officer of Bitdeer.
The news follows Bitdeer’s recent $100 million investment from Tether, the largest stablecoin issuer in the world, and its collaboration with Taiwan Semiconductor Manufacturing Company (TSMC), the largest semiconductor manufacturer in the world by contract.
“Integrating these advanced technologies will enhance our existing product lineup and accelerate research and development of our next-generation ASICs, which will push the boundaries of what’s possible in ASIC technology and efficiency,” Kong concluded during the announcement on Thursday.
In the wake of the acquisition, Bitdeer shares were down 2% on Wednesday, but over the past five days, the BTDR stock has risen more than 17% against the U.S. dollar. The acquisition is expected to have a positive impact on Bitdeer’s financials and its position in the semiconductor market.
BitminerFactory is brought to life by Darrell Houghton, our astute publisher. With a deep-rooted passion for crypto and crypto mining spanning many years, Darrell’s unwavering enthusiasm fuels his daily quest for knowledge. He is eager to share the pivotal news stories of the day while also providing his own analysis and commentary with Bitminer Factory’s readers.
Source: Bitcoin.com
