In an industry where most hardware wallets are assembled from commodity modules sourced through opaque supply chains, LurraPay takes a fundamentally different approach. We believe that a device entrusted with your financial sovereignty deserves a supply chain that is transparent, auditable, and free from undue state influence.
This is a detailed look inside our component sourcing philosophy, the geopolitical realities of electronics manufacturing in 2026, and why "Made in Germany" is more than a label on our box.
Why Supply Chain Transparency Matters for Crypto Hardware
When you store cryptocurrency on a hardware wallet, you're placing absolute trust in every layer of that device — from the silicon in the microcontroller to the solder on the PCB. A compromised component anywhere in the chain can undermine everything.
Most hardware wallet companies publish little or nothing about their supply chains. They'll tell you which secure element they use, perhaps, but the dozens of other components — the voltage regulators, the flash memory, the passive components, the connectors — go unexamined. Each of those components has a manufacturer, and each manufacturer has an ownership structure, factory locations, and geopolitical exposure that matters.
We decided to audit every component in the LurraPay Wallet's bill of materials at two levels: manufacturer ownership (who ultimately controls the company?) and country of manufacture (where are the components physically produced?). What we found reinforced our design choices — and revealed risks that most of the industry ignores entirely.
Our Core Silicon: Dutch and Franco-Italian Engineering
The heart of the LurraPay Wallet is an advanced dual-core ARM Cortex-M33 microcontroller from NXP Semiconductors, headquartered in Eindhoven, the Netherlands. NXP is a publicly traded company on the NASDAQ, with deep roots in European semiconductor history stretching back to Philips' semiconductor division. The chip features hardware-grade security including TrustZone isolation, a dedicated cryptographic accelerator, and physically unclonable function (PUF) key management — meaning your private keys are derived from the unique physical characteristics of your specific chip and cannot be extracted or cloned.
Our power management architecture uses a linear voltage regulator from STMicroelectronics, the Franco-Italian semiconductor giant headquartered in Geneva with primary fabrication in Crolles (France), Catania (Italy), and Agrate Brianza (Italy). ST is one of Europe's most strategically important chipmakers, a cornerstone of EU semiconductor sovereignty initiatives.
Both of these manufacturers are publicly listed, Western-headquartered companies with no state ownership concerns. Their fabrication facilities operate in jurisdictions with strong rule of law, independent regulatory oversight, and robust intellectual property protection.
Connectivity: German-Engineered, German-Made
Our WiFi connectivity module comes from Würth Elektronik, a subsidiary of the Würth Group — the privately held German industrial conglomerate founded in 1945 and headquartered in Künzelsau, Baden-Württemberg. The module carries a verified Country of Origin of Germany (DE), meaning it is designed, manufactured, and tested on German soil.
Würth Elektronik eiSos operates production sites across Europe, Asia, and North America, but their wireless connectivity modules are produced in Germany. For a device handling financial transactions over WiFi, this provenance matters. The module's firmware, radio calibration, and hardware are all under the jurisdiction of German industrial standards and EU regulatory oversight.
The Display: Taiwan's Industrial E-Paper Pioneer
The 3.7-inch e-ink touchscreen is sourced from Pervasive Displays, founded in 2010 and headquartered in Tainan Science Park, Taiwan. Pervasive Displays is the world's first company to produce industrial-grade e-paper display modules, and they are emphatic about one point: they are 100% based in Taiwan, with all quality control and manufacturing conducted domestically.
Pervasive Displays is now part of VusionGroup (formerly SES-imagotag), one of the world's largest electronic retail signage companies. Their e-paper technology is licensed from E Ink Holdings, also Taiwanese. Taiwan's semiconductor and display industries operate under independent democratic governance and strong IP protections, entirely separate from PRC state influence.
QR Code Reading: Taiwanese Precision
Our integrated QR scanner module is manufactured by Marson Technology, a Taiwanese company founded in 1990 in New Taipei City. Marson is a vertically integrated manufacturer — they design and produce their barcode scanning and RFID products entirely in Taiwan, and they hold patents in the US, Germany, Japan, and Taiwan. They are a multiple-time winner of the Taiwan Excellence Award and COMPUTEX innovation awards.
Marson's products carry FCC and CE certifications and conform to EU standards. Their manufacturing is domestically Taiwanese — no mainland China production facilities.
Passive Components: A Nuanced Global Picture
The LurraPay Wallet uses a significant number of passive components — capacitors, resistors, and inductors — sourced from a mix of Japanese, American, European, and Taiwanese manufacturers. This category is where supply chain analysis becomes most complex, because passive component manufacturing is highly globalised.
Japan: The Passive Component Powerhouse
A substantial portion of our capacitors come from Murata Manufacturing (Kyoto, Japan) and our inductors from TDK Corporation (Tokyo, Japan). Both are publicly traded Japanese companies and global leaders in passive components. Japan is the world's dominant force in MLCC (multi-layer ceramic capacitor) manufacturing, and Murata alone commands roughly 40% of the global MLCC market.
We also source crystals and timing components from NDK (Nihon Dempa Kogyo), a Tokyo-headquartered public company specialising in frequency control devices, and from Kyocera AVX, the passive components division of Kyoto-based Kyocera Corporation. Our battery management IC comes from NXP.
The United States and Europe
Our antenna component is from Johanson Technology, a privately held American company based in Camarillo, California, specialising in high-frequency ceramic components. Inductors in our power supply chain come from Abracon (US), Eaton (Ireland-domiciled), and Pulse Electronics (now part of the Yageo group).
Resistors are sourced from a mix of Vishay Intertechnology (US/Israel, public), Bourns (US, private), Panasonic (Japan), and TE Connectivity (Swiss-domiciled). Our USB-C connector and several precision resistors come from TE Connectivity, and our FPC connectors from Hirose Electric (Japan). Tactile switches are from C&K Switches, a US brand now part of Littelfuse. LEDs include components from Würth Elektronik (Germany) and Bivar (US). Our Schottky diodes include parts from onsemi (US, Phoenix AZ).
The Austrian company Diotec Semiconductor supplies bipolar transistors — a welcome reminder that Europe still has niche semiconductor manufacturing capability outside the usual suspects.
Taiwan
We source flash memory from Macronix International, a publicly listed Taiwanese company headquartered in Hsinchu Science Park. Macronix is a vertically integrated manufacturer with its own wafer fabrication facilities in Taiwan. While they maintain a sales subsidiary in Suzhou, China, their fabrication is Taiwanese.
Navigating a Globalised Supply Chain
No honest supply chain analysis can avoid this topic. Even with deliberate effort to source from trusted democracies, the globalisation of electronics manufacturing means some degree of Chinese manufacturing exposure exists across nearly every component maker on earth. During our design process, our supply chain audits caught several cases of components from manufacturers with Chinese state ownership or predominantly Chinese manufacturing footprints. Those components were replaced before the design was finalised. The two Taiwanese suppliers below are worth discussing for full transparency, though neither presents a material concern.
Panjit International
Panjit International is a publicly listed Taiwanese company headquartered in Kaohsiung, founded in 1986. While Panjit operates some back-end packaging and wafer fabrication facilities in mainland China alongside their Taiwanese plants, the components we source from Panjit are marked with a Taiwan country of origin. Panjit is a vertically integrated manufacturer under Taiwanese corporate governance with no state ownership concerns.
Yageo Corporation
Yageo is Taiwan's largest passive component manufacturer, supplying resistors and capacitors used throughout our design. In 2020, Yageo completed its acquisition of KEMET Corporation (a US company founded in 1919), creating one of the world's largest passive component groups with manufacturing across Taiwan, Southeast Asia, Europe, and the Americas.
Like most major passive component manufacturers, Yageo's global footprint includes some facilities in mainland China alongside its operations elsewhere. The components we source are standard commodity passives — resistors and ceramic capacitors — where the security implications are far lower than for active silicon or programmable ICs. Yageo is a publicly listed Taiwanese company under independent democratic governance.
Our Supply Chain by the Numbers
Rather than listing every component (which would be handing our competitors a shopping list), here is a high-level breakdown of our bill of materials by manufacturer headquarters region:
Component sourcing by manufacturer HQ region:
-
Japan — The largest single region, supplying the majority of our passive components (capacitors, inductors, crystals, timing devices) through companies like Murata, TDK, Kyocera AVX, ROHM, Toshiba, Hirose, NDK, and Panasonic.
-
United States — Our second-largest source region, including antenna technology, discrete semiconductors, power inductors, resistors, and LEDs from companies like Johanson Technology, Vishay, onsemi, Abracon, Bourns, C&K/Littelfuse, and Bivar.
-
Europe — Our core active silicon (NXP from the Netherlands, STMicroelectronics from Switzerland/France/Italy), our WiFi module (Würth Elektronik from Germany), connectors (TE Connectivity from Switzerland), and discrete transistors (Diotec from Austria).
-
Taiwan — Flash memory (Macronix), e-ink display (Pervasive Displays), QR scanner (Marson Technology), and passive components (Yageo/KEMET, Panjit).
Components from manufacturers with Chinese state ownership or predominantly Chinese manufacturing were identified and replaced during the design process.
What "Made in Germany" Means
When we say LurraPay Wallet is Made in Germany, we mean the PCB assembly, final device assembly, firmware flashing, quality control, and testing all happen in Germany under German industrial regulations. Our contract manufacturer operates under ISO 9001 and IPC standards.
But "Made in Germany" for the finished device does not mean every component inside it was manufactured in Germany. No electronics company in the world can make that claim — the global semiconductor supply chain is distributed by necessity. What we can claim, and what we are working toward, is that every component in the device comes from a manufacturer headquartered in, and ideally manufacturing in, a country with democratic governance, strong rule of law, and independent regulatory oversight.
We believe we are there. Every component in the LurraPay Wallet is sourced from a manufacturer headquartered in a democratic country with strong regulatory oversight, and we are transparent about every link in the chain.
The Road Ahead
Our supply chain is a living document. With every board revision, we evaluate the geopolitical landscape, the ownership structures of our suppliers, and the physical locations where our components are fabricated and assembled.
We have committed to the following principles:
Zero Chinese state-owned suppliers. No component in the LurraPay Wallet comes from a manufacturer with direct or indirect PRC state ownership. Where our audits identified such exposure during the design process, the components were replaced before production.
Preferred manufacturing in trusted jurisdictions. Where cost and availability allow, we prefer components physically manufactured in countries with democratic governance and strong IP protections — including the EU, the US, Japan, South Korea, Taiwan, and Australia.
Transparency over secrecy. We publish this analysis because we believe the crypto hardware industry needs to take supply chain integrity as seriously as it takes cryptographic security. Your keys are only as secure as the silicon they run on — and that silicon is only as trustworthy as the supply chain that produced it.
LurraPay Wallet is available for pre-order at lurrapay.com/shop. For questions about our supply chain practices, contact us at security@lurrapay.com.