Canaan Unveils Bitcoin Mining Machine, Sees Faster ASIC Market Growth

Another aspect of players like Intel coming into the industry, Lu said, is that it will make the ASIC manufacturing market more competitive and incentivize incumbents to invest additional amounts. “I think with the arrival of Intel, Canaan and all the other colleagues in this industry, we need to be well prepared for such competition, in terms of technologies and in terms of services,” he said. “I think the arrival of Intel will really help the industry improve.”