• Trezor, the manufacturer of crypto hardware wallets, has announced that it is taking 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. It also shortens lead times for mass production.
• The company is collaborating with Stmicroelectronics, a manufacturer of microcontrollers and semiconductor technologies, to create an open-source silicon chip called „TROPIC01“ for use in crypto hardware wallets.
Trezor Takes Control of Chip Production
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. This move enables the company to have more design freedom for future products and enhances device security while considerably shortening lead times for mass production.
Enhanced Security
The new chip-making process eliminates third-party chipmakers and associated vulnerabilities significantly enhancing security. By bypassing supply chain issues it also considerably reduces lead times making manufacturing more agile as the cryptocurrency market shows signs of recovery.
Collaboration with Stmicroelectronics
Trezor is collaborating with Stmicroelectronics, a manufacturer of microcontrollers and semiconductor technologies, to create an open-source silicon chip called „TROPIC01“ for use in crypto hardware wallets. The new chips developed by Trezor will be utilized in the Trezor Model T hardware wallet which is currently undergoing beta testing with select users.
Demand for Hardware Wallets
Hardware wallets have seen substantial demand since the collapse of FTX as crypto enthusiasts have transferred billions worth of crypto assets from centralized trading platforms to these secure devices. Several companies have also unveiled new models such as Ledger Stax created by Tony Fadell (creator of iPod), decentralized exchange aggregation service 1inch Network’s hardware wallet, and Coinkite’s Coldcard Q1 product.
Conclusion
The newly designed „chip wrapper“ developed by Trezor adds more design freedom for future products helping them sustain their leadership in the increasingly competitive hardware wallet space while enhancing security significantly through eliminating third-party chipset makers and associated vulnerabilities at the same time reducing lead times drastically.