NEW YORK, October 3, 2018 /PRNewswire/ —

According to a report published by Esticast Research the machine learning chip market was valued at USD 4.9 billion in 2016, and is projected to reach USD10.3 billion by 2024, having a CAGR of 9.8% during the forecast period of 2017 to 2024. The report indicates that machine learning chips as a multiprocessor system is capable of learning, reasoning, and self-correction of its algorithm without any external programming. These chips designed with features of detecting patterns of a new data and regulate the program actions accordingly. Machine learning chips are widely used in applications such as robotics, healthcare, automotive, consumer electronics, and others. Squire Mining Ltd. (OTC: SQRMF), Nvidia Corporation (NASDAQ: NVDA), Qualcomm Incorporated (NASDAQ: QCOM), Advanced Micro Devices, Inc. (NASDAQ: AMD), Micron Technology, Inc. (NASDAQ: MU)

Akshay Jadhav, Lead Analyst, Semiconductor & Electronics at AMR, said: “In 2017, the GPU segment dominated the global machine learning chip market in terms of revenue, in the chip type category. However, the others segment is expected to grow at a highest CAGR during the forecast period. Based on technology, the system-on-chip segment is anticipated to dominate the market throughout the forecast period (2018‐2025). Moreover, based on industry vertical, the BFSI segment dominates the overall machine learning chip market. The machine learning chip market signifies a promising future for the technological industry. The current business scenario has witnessed an increase in the adoption of this technology, particularly in the developing regions. The companies have been adopting innovative techniques to provide customers with advanced and innovated product offerings.”

Squire Mining Ltd. (OTCQB: SQRMF) is also listed on the Canadian Securities Exchange under the ticker (CSE: SQR). Just earlier today the company announced breaking news that, “to report on its prototype ASIC chip testing event held in Seoul, South Korea. With executives and board members from Squire, Future Farm, CoinGeek, Gaonchips and Samsung Electronics in attendance, Peter Kim, President of Squire’s subsidiary AraCore Technology Corp. (“Aracore”), and his team of front-end microchip engineers and programmers, unveiled and tested a working prototype mining system comprised of a newly engineered FPGA (field programmable gate array) ASIC microchip that will be converted into AraCore’s first ASIC chip utilizing 10 nanometer technology for mining Bitcoin Cash, Bitcoin and other associated cryptocurrencies. The test results confirm Aracore’s original design specifications indicating that the ASIC chip, once mass manufactured by Samsung Electronics, will be capable of delivering a projected hash rate of 18 to 22 terahash per second (TH/s) with an energy consumption of between 700 and 800 watts.

Taras Kulyk, Chief Executive Officer of CoinGeek Mining and Hardware, said “The CoinGeek team is very pleased with the progress of our strategic partners; Squire Mining and Aracore. With this next generation technology, CoinGeek will continue to pull the blockchain industry out of the proverbial basement and into the boardroom.”

Stefan Matthews, Chairman of nChain, one of the industry leaders in blockchain research and development, and a director of Squire Mining added, “The early results indicate that this ASIC microchip has the potential to be the next generation leader in providing hash power for enterprise mining of Bitcoin Cash and other associated crypto currencies. It has also demonstrated the potential to rapidly process consensus protocols across the blockchain faster whilst utilizing less energy than anything currently in this sector.”

Hash rate speed and microchip efficiency are the two most important measuring criteria in the crypto-mining industry to enable end-users to maximize profitability and ROI in their day to day mining operations.

Simon Moore, Executive Chairman and CEO of Squire Mining, stated, “Aracore’s time and investment to date have been validated by the impressive results of this new microchip. Once completed, we believe the speed and efficiency of our ASIC microchip combined with our respective mining systems powered by this Samsung manufactured microchip together have the potential to substantially increase the profitability of enterprise mining facilities around the globe. We look forward to releasing our mining system to the market in the first half of next year through our exclusive distribution partners CoinGeek, and competing for a significant piece of this multi-billion-dollar enterprise mining market.”

About AraCore Technology Corp. – Aracore is a joint venture company established by Squire and Peter Kim to design and develop next generation ASIC chips for mining Bitcoin Cash, Bitcoin and other associated cryptocurrencies. Squire owns a 75% interest in Aracore and Peter Kim owns the remaining 25% interest.

About Squire Mining Ltd. – Squire is a Canadian based company engaged, through its subsidiaries, in the business of developing data mining infrastructure and system technology to support global blockchain applications in the mining space including applicable specific integrated circuit (ASIC) chips and next generation mining rigs to mine Bitcoin Cash, Bitcoin and other associated cryptocurrencies.”

Nvidia Corporation (NASDAQ: NVDA), in 1999, sparked the growth of the PC gaming market, redefined modern computer graphics, and revolutionized parallel computing. At GTC Japan, in the heart of the robotics revolution, Nvidia Corporation recently introduced the NVIDIA DRIVE AGX Xavier Developer Kit, a platform for building autonomous driving systems. This open, scalable software and hardware solution enables companies to seamlessly develop and test customized autonomous driving technology, streamlining production. The developer kit includes a DRIVE AGX Xavier car computer, along with a vehicle harness to connect the platform to the car, international power supply, camera sensor and other accessories. NVIDIA DRIVE AGX is part of the NVIDIA AGX platform for autonomous machines, powering robots, medical devices and self-driving cars. The NVIDIA DRIVE AGX Xavier Developer Kit platform is scalable, enabling manufacturers to streamline development whether on DRIVE AGX Xavier with a single Xavier system-on-a-chip or DRIVE AGX Pegasus, which integrates dual Xavier SoCs and dual next-generation GPUs. “After several years of working on an autonomous driving computer, the DRIVE AGX Xavier Developer Kit is now available to order,” said NVIDIA founder and Chief Executive Officer Jensen Huang on stage at GTC Japan. “The development of autonomous vehicles is now turbocharged.”

Qualcomm Incorporated (NASDAQ: QCOM) invents breakthrough technologies that transform how the world connects, computes and communicates. China Mobile Research Institute, China Mobile IoT (CMIoT) Company Limited, a wholly-owned subsidiary of China Mobile, and Qualcomm Technologies, Inc., a subsidiary of Qualcomm Incorporated, recently announced new roadside units (RSUs) for 3rd Generation Partnership Project (3GPP) Release 14 LTE-V2X direct communication(PC5) based on the Qualcomm® 9150 C-V2X chipset solution. Developed by CMIoT and China Mobile Research Institute, the new RSUs will be showcased at the China Mobile booth during the WIoT 2018 expo from September 15-18th.  The cooperation between China Mobile Research Institute, CMIoT and Qualcomm Technologies, Inc. marks the extension of the three companies’ long-term, strategic relationship to the automobile and transportation sector, in which the companies are working together to explore new technologies and applications for intelligent vehicles, while driving the development and maturity of the connected vehicle industry in China.

Advanced Micro Devices, Inc. (NASDAQ: AMD), for more than 45 years, has driven innovation in high-performance computing, graphics and visualization technologies ― the building blocks for gaming, immersive platforms and the datacenter. AMD recently announced a reimagined family of AMD Athlon desktop processors with Radeon Vega graphics that have been optimized for everyday PC users: the AMD Athlon 200GE, Athlon 220GE, and Athlon 240GE processor. Combining the high-performance x86 “Zen”3 core and “Vega“3 graphics architectures in a versatile System-on-Chip (SOC) design, the Athlon desktop processors offer responsive and reliable computing for a wide range of experiences, from day-to-day needs like web browsing and video streaming through more advanced workloads like high-definition PC gaming. Complementing this news, AMD announced the availability of the commercial-grade Athlon PRO 200GE desktop processor, along with three 2nd Gen Ryzen PRO desktop processor models for the commercial, enterprise, and the public sector: the Ryzen 7 PRO 2700X, Ryzen 7 PRO 2700, and Ryzen 5 PRO 2600 processors. With these new introductions, AMD now offers a top-to-bottom line-up of professional-grade computing solutions for experiences that range from premium content creation to advanced multitasking and office productivity.

Micron Technology, Inc. (NASDAQ: MU) is a world leader in innovative memory solutions. Micron recently announced volume production on its 8Gb GDDR6 memory. Built on experience and execution for several generations of GDDR memory, GDDR6 – Micron’s fastest and most powerful graphics memory designed in Micron’s Munich Development Center – is optimized for a variety of applications that require high performance memory, including artificial intelligence (AI), networking, automotive and graphics processing units (GPUs). Additionally, Micron has worked with core ecosystem partners to ramp GDDR6 documentation and interoperability, enabling faster time to market for designs. Targeting up to 64GB/s in one package, GDDR6 brings a significant improvement over the fastest available GDDR5. This unprecedented level of single-chip performance, using proven, industry-standard BGA packaging provides designers a powerful, cost-efficient and low-risk solution using the most scalable, high-speed discrete memory available to the market. “Micron is a pioneer in developing advanced high bandwidth memory solutions and continues that leadership with GDDR6. Micron demonstrated this leadership by recently achieving throughput up to 20 Gb/s on our GDDR6 solutions,” said Andreas Schlapka, Director, Compute Networking Business Unit, Micron. “In addition to performance increases, Micron has developed a deep partner ecosystem to enable rapid creation of GDDR6 designs, enabling faster time to market for customers looking to leverage this powerful new memory technology.”

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