Prague-based Bitcoin hardware company Trezor has announced that it has acquired control of its silicon chip supply chain.
The company now manufactures its own chip wrapper, a crucial component for its flagship product, the Trezor Model T. The new chip wrapper reduces lead times for mass production while enhancing device security.
Securing the production of this crucial component gives Trezor confidence in its capacity to continue producing its products in the face of ongoing pressure.
CFO at Trezor Štěpán Uherik stated:
The twists and turns in demand for hardware wallets and the silicon supply chain disruption that we’ve seen over the past few years was a problem that we needed to solve. By unpacking the process, identifying areas where we could take control, and collaborating with our partners in new ways, we’ve managed to make the manufacturing as agile as it can be.
He noted that it gives Trezor greater design flexibility for upcoming products, which will help sustain their position in the fiercely competitive hardware wallet market.
Parent company SatoshiLabs also revealed plans to create an open-source chip for use in Bitcoin devices last year. The first chip, TROPIC01, underwent initial testing recently with further testing to continue through 2023.