ASUS Sees Growth of 58% in Feb (Q’Q), Thanks to Cryptominers and COVID-19

This year is turning out to be yet another highly successful one for semiconductor companies, both small and big, alike. ASUS (ASUSTeK) saw a massive increase of 58% in its monthly revenue for the month of February 2021. Much of this can be contributed to two primary factors. Firstly, the stay-at-home lifestyle enforced by the COVID-19 pandemic has accelerated the sales of laptops and other mobile computing devices, and secondly, the cryptomining boom has caused one of the most severe graphics card shortages in history.

Bitcoin mining farm. IT hardware. Electronic devices with fans. Cryptocurrency miners.

AMD partner, ASMedia is also expecting strong profits in 2021 as orders from AMD are only going to increase. The launch of the next-gen PS5 and Xbox Series consoles and the Zen 3-based Ryzen 5000 processors will keep the chipset-maker at full capacity. If anything, the shortages have resulted in higher profit margins for most Taiwan and China-based IC and MOSFET makers.

ASUS hit a monthly revenue of NT$70.26 billion or US$2.46 billion in February and is expected to keep posting similar figures through the rest of the year. Banking on its chipset business and USB 3.2 host controller, and other server-related IC orders, ASMedia is also slated to show some steady gains in the coming months.

Source: DT


Computer hardware enthusiast, PC gamer, and almost an engineer. Former co-founder of Techquila (2017-2019), a fairly successful tech outlet. Been working on Hardware Times since 2019, an outlet dedicated to computer hardware and its applications.

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