Samsung has announced it has completed all the processes involved with the 7-nanometer LPP (Low Power Plus) with extreme ultraviolet (EUV) lithography technology. Now the Korean company has started the wafer production for these next-generation semiconductors. 2018 has seen a lot of sophisticated semiconductor technology, as some of the world’s leading manufacturers have been producing 10nm and 7nm chips for companies worldwide. Over the last year, bitcoin mining rig manufacturers from all around the globe have been in need of these high-performance chips.

For instance, Canaan, Bitmain, Ebang, GMO and other firms have announced the production of a few sets of new mining rigs that utilize either 10nm or 7nm semiconductor technology. Some of the mining companies have revealed the firms are either working with the Taiwan Semiconductor Manufacturing Company (TSMC) or Samsung when it comes to building these new machines. This past August, Globalfoundries announced it had decided to stop its 7LP (7nm) fabrication processes. Samsung’s latest announcement should help ease demand for these chips with the commercialization of its newest process node.

Charlie Bae, the executive vice president of Samsung’s foundry sales, explained during the announcement that the production will not only help mobile and high-performance computing (HPC) technology “but also for a wide range of cutting-edge applications.”