Trezor Dominates Model T Chip Production: Here’s What You Need To Know

Key Points:

• Trezor, the company that pioneered the world’s first Bitcoin hardware wallet, has announced that it has taken control of the silicon chip production for its Model T device.
• Trezor aims to improve device security and reduce lead times from two years to several months.
• Tropic Square, a startup backed by Satoshi Labs, the company behind Trezor, launched a secure open-source chip called TROPIC01 that provides cryptographic key generation, encryption, signing and user authentication.

Trezor, the company that pioneered the world’s first Bitcoin hardware wallet, has announced that it has taken control of the silicon chip production for its Model T device.

This move is aimed at optimizing the production of its flagship product by eliminating reliance on third parties in the manufacturing supply chain. The global chip shortage due to COVID-19 labor shortages and geopolitical disruptions has led to unreliable component availability for Trezor and other electronic manufacturers. Moreover, demand for Trezor’s devices has fluctuated with market conditions and consumer interest in self-custody of crypto assets, leading to a 300% increase in hardware wallet sales during the period when centralized platforms like FTX, Celsius and BlockFi were collapsing.

By taking control of the chip production process, Trezor aims to improve device security and reduce lead times from two years to several months. This helps eliminate shipping delays and protects customers from price swings associated with component supply and demand. Trezor CFO Stepan Uherik said that by unpacking the process, identifying areas where they could take control, and collaborating with their partners in new ways, they have made the manufacturing process more agile. This means that they can respond quickly as the cryptocurrency market shows signs of recovery, and it adds more design freedom for future products, helping the company sustain its leadership in the increasingly competitive hardware wallet space.

Last year, Tropic Square, a startup backed by Satoshi Labs, the company behind Trezor, launched a secure open-source chip called TROPIC01 that provides cryptographic key generation, encryption, signing and user authentication. Earlier this month, Trezor’s new CEO, Matej Zak, outlined plans to freshen up its wall. The company has not yet disclosed any details on what this may entail, but it is expected to be an update to its hardware wallet offerings.

In conclusion, Trezor has taken a bold step by assuming control of the silicon chip production process for its Model T device. This move is aimed at optimizing the production of its flagship product by eliminating reliance on third parties in the manufacturing supply chain and improving device security. The company hopes to sustain its leadership in the increasingly competitive hardware wallet space by being more agile and responding quickly as the cryptocurrency market shows signs of recovery.

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