If you have an iPhone, the screen through which you get your information, a nice piece of OLED technology, is made by Samsung. It's very important to know that, because Samsung own and operates one of the largest semi-conductors plants in the world.
And when a player this size reports interest in joining the ASIC mining chips game, you know something big is cooking. According to some reports popping up in local media, and cited in this piece from newsbtc.com, Samsung already partnered with a local Chinese player and developed their own ASIC chips.
A Samsung spokesperson told local media that the company will operate a foundry to manufacture mining equipment and to match the supply requested by the Chinese bitcoin mining firm it has partnered with. In the beginning, Samsung said it will focus its venture on targeting the Chinese market and because Samsung has just started its foundry business, it is not unsure of the revenues its mining venture can generate.
Now, beyond the news there is a bit more context. One that may be surprising for some of you, but easier to understand by others.
One of the biggest players in the Chinese mining hardware is Bitmain, which is reportedly said to heavily back Bitcoin Cash. If Bitmain will finally have a competitor the size of Samsung, interesting things may happen in the market.
One of the scenarios may even involve a price crash of Bitcoin Cash, but since we don't know yet what exactly these ASIC chips will mine, it's hard to tell.
But competition is always good, isn't it?
I'm a serial entrepreneur, blogger and ultrarunner. You can find me mainly on my blog at Dragos Roua where I write about productivity, business, relationships and running. Here on Steemit you may stay updated by following me 
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