Xiaomi's CEO, Lei Jun, announced a 10-year plan to invest 50 billion yuan (about $7 billion) into developing the company's own chips for smartphones. This marks a significant shift from reliance on Qualcomm and MediaTek. By planning to start with the Xring 01 chip, expected to be revealed on May 22, Xiaomi aims to break into hardcore technology. This decision follows an earlier suspension of its SoC research and highlights a growing trend among Chinese firms to enhance their technological independence in key areas, particularly in advanced manufacturing using 3-nanometer technology.
Chips are the underlying core track for Xiaomi to break through hardcore technology, and we will definitely go all out.
The first chip from its new mobile efforts, Xring 01, will be unveiled on May 22.
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