Trezor, a maker of crypto hardware wallets, has announced that it is taking control of its wallet chip manufacturing process by producing its own silicon chips. The company claims that its newly designed “chip wrapper” will enhance device security and significantly reduce lead times for mass production.
Trezor “unleashes the process” and produces its own silicon chips
On February 27, 2023, Prague-based cryptocurrency hardware wallet companyannounced that Trezoris now responsible for its own silicon chip manufacturing process; according to Trezor CFO Štěpán Uherik The new “chip wrapper” gives the company more freedom to design future products, according to Trezor CFO Štěpán Uherik. Last year, Trezor’s parent company, Satoshi Labs, revealed that it was backing a startup called Tropic Square . Tropic Squarerevealed that it is helping to produce an open-source silicon chip called
TROPIC01″
new chip manufacturing process will greatly enhance security by eliminating third-party chipmakers and associated vulnerabilities Trezor is also working with supply chain issues, thereby significantly reducing lead times, he said.In a press release sent to Bitcoin.com News, Uherik further explained that the company is working withIt is working with Stmicroelectronicsa manufacturer of microcontrollers and semiconductor technology.
“By unraveling the process, identifying areas of control, and working with our partner [Stmicroelectronics] in new ways, we have succeeded in making manufacturing as agile as possible,” Wuhelik said in a statement. This means we can react quickly when the cryptocurrency market shows signs of recovery. It also gives us greater design freedom for future products and helps us maintain our leadership in the increasingly competitive hardware wallet space,” added Trezor’s CFO.
Hardware wallets have experienced great demand since the collapse of FTX, as crypto enthusiasts have transferred billions of dollars worth of crypto assets from centralized trading platforms. Several companies have also introduced new hardware wallet models, including Ledger Stax, developed by iPod creator Tony Fadell. Additionally, 1inch Network, a decentralized exchange aggregation service, has announced a hardware wallet, and Coinkite has introduced a new product called Coldcard Q1.
New chips developed by Trezor will be utilized in the Trezor Model T hardware wallet; Trezor first announcedits intention to take over the Tropic Square project and chip production on May 11, 2020. The Covid-19 pandemic caused supply chain disruptions, especially in the area of silicon chips.” The demand for hardware wallets and the supply chain disruptions in the silicon industry experienced in recent years h
