Trezor cuts exposure to chip supply risks triggered by factors like geopolitical disruption, labor shortages, and events like the collapse of FTX crypto exchange.
Hardware wallet manufacturer Trezor is accelerating the production of new Trezor wallets by producing its own wallet silicon chips.
The move aims to significantly optimize Trezor wallets’ production, reducing lead times in the supply cycle from two years to several months. Prior to becoming a wallet chip producer, Trezor was exposed to third party supply vulnerabilities due to factors like geopolitical disruption, labor shortages due to COVID-19, crypto market conditions and other events. By taking control of supplying wallet chips, Trezor has obtained the opportunity to respond quickly to all these factors and meet the demand at all times.
The new business model also enables more design freedom for Trezor’s future products, allowing the wallet provider to build the hardware wallet devices from scratch on its own.launched
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