• Trezor, the manufacturer of crypto hardware wallets, has announced that it will take control of its wallet chip production process by producing its own silicon chips.
• The new chip-making process enhances security significantly by eliminating third-party chipmakers and associated vulnerabilities, while also reducing lead times.
• The company is collaborating with Stmicroelectronics to produce a microcontroller and semiconductor technology called „TROPIC01“ for use in crypto hardware wallets.
Trezor Takes Control of Chip Production
Trezor, the manufacturer of cryptocurrency hardware wallets, has announced that it will take control of its wallet chip production process by producing its own silicon chips. This move will enhance device security and considerably shorten lead times for mass production.
Enhanced Security & Faster Production Time
The new chip-making process enhances security significantly by eliminating third-party chipmakers and associated vulnerabilities. It also reduces lead times by bypassing supply chain issues. Moreover, Trezor states that the newly designed „chip wrapper“ gives them more design freedom for future products.
Collaboration With Stmicroelectronics
Trezor is collaborating with Stmicroelectronics to produce a microcontroller and semiconductor technology called „TROPIC01“ for use in crypto hardware wallets. They are hoping this collaboration will make the manufacturing process as agile as possible so they can respond quickly to market changes or increasing competition in the crypto space.
Rise in Hardware Wallet Demand
Hardware wallets have experienced substantial demand since the collapse of FTX, as crypto enthusiasts have transferred billions of dollars worth of crypto assets from centralized trading platforms. In addition, several companies have unveiled new hardware wallet models such as Ledger Stax, 1inch Network’s hardware wallet and Coinkite’s Coldcard Q1 product. All these products utilize Trezors newly designed chipsets for enhanced security and faster production time capabilities.
Conclusion
In conclusion, Trezor is taking control over their own wallet chip production to enhance device security and reduce lead times for mass production. Furthermore, the company is collaborating with Stmicroelectronics on a microcontroller and semiconductor technology called „TROPIC01“. Finally, hardware wallets are experiencing rapidly increasing demand due to their enhanced security features compared to centralized trading platforms like FTX