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The move would bring the chip maker into the same market with such companies at Bitmain and MicroBT.

Intel, one of the world's largest chip makers, is likely to unveil a specialized mining chip at the International Solid-State Circuits Conference (ISSCC) in February, according to the conference's agenda.

One of Intel's "highlighted chip releases" at the conference is entitled "Bonanza Mine: An Ultra-Low-Voltage Energy-Efficient Mining ASIC." The session is scheduled for Feb. 23.

Intel also commented on the new chip to Tom's Hardware, saying "Intel has done design work around SHA 256 optimized ASICs for several years beginning with pathfinding work done in Intel Labs. We will share more details in the future."

INTC filed for this ASIC miner patent in 2018, from that time until now they were putting that patent into action. It has been a few years in the works.

Overall the space is highly profitable and INTC could scoop much of that money for themselves "Every single year indefinitely", just free billions to tens of billions in profit every single year if they launch such products. They have fabs and the R&D to take on their competition.

Until now it was a few small companies, but INTC can leverage its huge resources to become #1.$Intel(INTC)$