Hardware wallet company Trezor announced that it would start manufacturing its own silicon chips in its flagship product, Model T.
With this move, the company aims to optimize the Model T production and improve device security.
Trezor claims the delivery time will be reduced from two years to several months thanks to the new move.
- Delays in the shipping of finished products will also be eliminated.
- In addition, the optimization will prevent the customers from being affected by price fluctuations resulting from component supply and demand.
- The new production line will also allow Trezor to create its own products from scratch, giving the company freedom in design for future products.
Following the popular crypto exchange FTX’s collapse in November 2022, the demand for Trezor wallets increased by over 300% since crypto owners wanted to move their reserves from centralized crypto exchanges.
- In August 2022, Tropic Square, run by Trezor’s parent company, Satoshi Labs, also unveiled a new open-source chip dubbed TROPIC01 that was expected to be first used by Trezor.
