Trezor Wallets Now Have Their Own Chips – Shorten Supply Chain Time!
• Trezor recently decided to start manufacturing its own hardware wallet chips to respond quickly to demand-triggering events like the FTX collapse.
• The move will reportedly cut the supply cycle lead times from two years to a few months in the production of Trezor wallets.
• Semiconductor sales reached a global high in 2021 as people stranded at home during the COVID-19 pandemic purchased more consumer electronics.
Trezor’s Move into Semiconductor Business
Crypto wallet maker Trezor recently decided to start manufacturing its own hardware wallet chips to respond quickly to demand-triggering events like the FTX collapse. The move will reportedly cut the supply cycle lead times from two years to a few months in the production of Trezor wallets.
Advantages of this Decision
This decision will also address shipment delays of finished products and shield customers from price swings caused by component supply and demand changes. After the FTX crash in November 2022, investors rushed to move their crypto holdings off of centralized crypto exchanges, which caused the demand for Trezor wallets to increase by over 300%. Štěpán Uherík, chief financial officer at Trezor said that this decision was made “to ensure continuous production of our devices” despite prolonged delivery time due to chip shortage globally at turn of 2021 and 2022.
Semiconductor Shortage Problem
The semiconductor shortage has been a problem for world over past few years as they are crucial electronic components found in modern gadgets such as smartphones, computers and automobiles. During Covid 19 pandemic when people were stuck at home more consumer electronics were bought causing surge in semiconductors sales and it was hard for producers related goods obtain these semiconductors due anti mining safeguard feature introduced by Nvidia RTX 3060 Family GPUs.
Third Party Imports Preferable
Despite all these benefits other crypto companies still prefer third party imports due technical and financial barriers involved in producing such chips on their own thus making them unable use all advantage provided by such decision taken by treazure .
To conclude treazure is taking steps towards fulfilling their customer needs but other companies may not be able take full advantage due various technical and financial barriers existing currently