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The secure element is open source hw, right? Not like Ledger.
It's not open source, but the Trezor firmware remains open source, unlike Ledger. Trezor picked this one because no NDA is required, so bugs can be reported transparently.
Chips are hard, technically the other chips that Trezor has had since day 1 are not open source either. But the code that runs on them is.
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I thought they were working on open hw too, called Tropical — isn’t that this?
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Tropic Square, still in development. It's mentioned the chip will maybe be ready in 2025.
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