First with chips to help mine Bitcoin, AIchip gets a second boost to its business with chips for AI uses.
aiwan-based Alchip Technologies has risen on the crest of two of the hottest tech trends in the past decade: cryptocurrencies and artificial intelligence. The fabless chip design company focuses on high-performance chips that are essential in both sectors. First founded in 2003, the company toiled in relative obscurity for a decade selling chips to Japanese consumer electronic companies such as Sony and Panasonic for use in digital cameras, televisions and gaming consoles.
While still serving Japanese customers and cryptominers, Alchip also began to expand into the mainland Chinese market and the U.S. market as well, helping propel growth as the bitcoin bubble popped in 2018. “Some of the Japanese companies like Sony and Yamaha still contribute good revenue. The market is there, but the growth cannot be compared to the U.S. and the Chinese markets,” president and CEO Shen, 52, says in a virtual interview.
As Alchip delves deeper into more leading-edge chip design, those at the 7nm or below level, it is also building a moat around its business that presents high barriers to entry, with the increased complexity and cost in creating such chips. The company currently has no direct competition, with perhaps only five companies making similar products, such as mainland China’s Global Unichip and the U.S.’s Marvell Technology.
Last year, the United States accounted for about 40% of Alchip’s sales, a 14% rise over the previous year. China was the second-largest revenue contributor with 27%, followed by Japan with 14% and Taiwan with 10%. The company launched its North American operation in October 2019 and recently relocated to a larger location in San Jose, California, to accommodate increased market demand last year. Shen anticipates that the U.S.
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