This can be a significant problem for those who use mining GPU. Network complexity will increase significantly and will make this method ineffective. The production capacity of Samsung is very great. They can significantly increase sales volumes of ASIC. This will cause a significant reduction in the profitability of mining. I think it's bad news.
Jihan Wu is probably going to have a heart attack,
It's about time this c*nt get's some serious competition. He's had his monopoly on the ASIC miners for way too long now and it's about time that his share of hashing power in the network significantly decreases. If Samsung happens to become a worthy competitor his influence in general will most certainly decrease and for someone as pathetic as Wu that's really something we want. The interest of Samsung in cryptocurrency is also worth nothing. News like this reiterates that cryptocurrency is here to say despite a mostly red market.