Canaan Unveils Bitcoin Mining Machine, Sees Speedier ASIC Market Growth

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