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4h ago

Xiaomi Commits $6.9 Billion to Decade-Long Smartphone Chip Development

The Chinese tech giant unveils a 10-year plan to advance semiconductor self-reliance, marking a pivotal step in its innovation journey.

Xiaomi 15s Pro surfaced on the Geekbench database with model number 25042PN24C
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Xiaomi took initial steps into semiconductors for smartphones with the launch of the firm's first in-house chip -- the Surge S1 -- in 2017

Overview

  • Xiaomi's founder Lei Jun announced a $6.9 billion investment in smartphone chip development over the next decade, reaffirming its commitment to technological innovation.
  • The company has already allocated 13.5 billion yuan to R&D since 2021, assembling a team of over 2,500 engineers for its semiconductor programme.
  • This initiative follows the challenges of Xiaomi's 2017 Surge S1 chip, which halted production due to technical and financial hurdles.
  • The announcement reflects China's broader push for semiconductor self-reliance as tensions with the United States over technology access continue to escalate.
  • Xiaomi's efforts parallel moves by competitors like Huawei, which unveiled a high-performance chip in 2023, highlighting the competitive landscape in advanced chip design.