How Much Is Cryptocurrency Mining Influencing Chip Demand

·2 min read
How Much Is Cryptocurrency Mining Influencing Chip Demand

The popularity of mining Bitcoin and other cryptocurrencies has increased attention on the shortage of semiconductors, which are used in the computers that mine cryptocurrency. While chip stocks have surged higher as prices have risen for this critical tech component, cryptocurrency mining may not hold as much influence over the chip sector as many people might assume. There are several factors that have led to the current chip shortage.