Trezor: We took control of the production of wallet chips

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Hardware wallet manufacturer Trezor has faced disruptions in the supply of components due to political turmoil, as well as production cuts amid the effects of the COVID-19 epidemic.

Now, however, according to Trezor, direct control over the creation of silicon chips will allowsignificantly optimize and accelerate the production of the flagship hardware wallet of the Model T device. eliminated Trezor's third-party dependency throughout the chip supply chain and reduced lead times from two yearsup to several months.

Stepan Uherik, CFO of Trezor, assures that, in addition to improving the security of devices, potential customers willare protected from the effects of price fluctuations related to the supply and demand of electronic components.

Matej Zak, CEO of Trezor, promises that at the same time as controlling the production of chips, the company is creating a software package that increases the mobility of devices.This will be an expanded portfolio of use cases for the Model T crypto wallet – whether it's checking your funds or buying and selling crypto.According to the CEO, the new flagship product will be equipped with a Bluetooth module, which should make it easier to connect to peripherals.

At the end of 2022, the Trezor team reported a surge in sales of hardware crypto wallets.Company spokesperson Josef Tetek said that amid the collapse of the FTX Group ecosystem, Trezor's revenue grew by 300% and continues togrow.