Canaan, a Bitcoin mining ASIC manufacturer, announced the completion of pilot production in the US and the halt of AI hardware development.
Pilot Production in the US
A Canaan representative confirmed that the company has successfully completed a pilot production run in the US, replicating its operations in Malaysia. This decision aims to improve supply chains and lessen market dependence.
Strategic Realignment
Canaan also announced the discontinuation of its AI semiconductor business. As stated by a representative, "I believe that doubling down on our core strengths in crypto infrastructure and Bitcoin mining is the most strategic path forward for Canaan." The representative noted that higher production costs in the US are considered not just a hedge against tariffs, but a strategic investment in long-term resilience.
Compliance with Security Standards
Canaan highlighted potential risks concerning US national security. The company assured that devices shipped to the US are manufactured in Malaysia and certified by local authorities. "Should we expand our US production further, we intend to ensure that our operations align with evolving U.S. standards for technology and security," representatives stated.
Canaan continues to develop production in the US as a long-term strategy, focusing on core operations and security standards.
