Trezor to produce chips for hardware wallets to shorten supply cycle
Trezor wants to respond quickly to demand-triggering events like the FTX collapse by taking control of wallet chip production. Hardware wallet manufacturer Trezor is accelerating the production of new Trezor wallet s by producing its own wallet silicon chips . Trezor officially announced on Feb. 27 that the firm will start facilitating the production of its own key component, the chip wrapper, in its flagship product, Trezor Model T. The move aims to significantly optimize Trezor wallet s’ production, reducing lead times in the supply cycle from two years to several months. The optimization will also eliminate delays in shipping finished products and protect consumers from exposure to price fluctuations based on component supply and demand, Trezor said. As previously reported, demand for Trezor wallets spiked by at least 300% in the aftermath of the FTX collapse in November 2022 as crypto investors rushed to move their crypto holdings from centralized crypto exchanges. Prior to b...