US EditionChina’s Xiaomi to Invest Nearly $7 Bn in Chips
- Xiaomi CEO Lei Jun announced that the company's self-developed mobile chip, XRING 01, will launch in late May.
- Xiaomi plans to invest at least 50 billion yuan over the next 10 years for chip development, according to Lei Jun's Weibo post.
- The XRING 01 chip is based on a 3 nanometer manufacturing process and was developed by Xiaomi's internal chip design unit.
- Xiaomi intends to utilize the mobile chip in premium consumer electronics such as smartphones and tablets.
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Xiaomi, a company selling over 40 million smartphones per quarter, will invest in the next year seven billion dollars to develop its own mobile processors, with the aim of becoming influential in the field and...
Xiaomi, the Chinese technology manufacturer, plans to invest "in a constant and gradual way" at least 50 billion yuan (6,2 billion euros) for a decade to boost the development of his own mobile microprocessor. "Xiaomi has always had a dream with chips, since, to become a great technology company, chips are a summit to climb and a hard battle that cannot be avoided", he said in a publication on the social network Weibo, Chinese equivalent of X, t…
China's Xiaomi takes a page from Apple with a $7 billion plan to make its own mobile chips
Xiaomi boss Lei Jun is ready for his company to emulate Apple's approach to chip design.PEDRO PARDO/AFP via Getty ImagesXiaomi boss Lei Jun said his company would start making its own mobile chips.He said his company was ready to spend billions of dollars on chip design over the next decade.It's an approach that its rival Apple largely popularized.One of Apple's top rivals in China is taking a page out of its own book, again.On Monday, Xiaomi's …
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