Xiaomi Unveils New Self-Developed Chip, Pronounces $28B in R&D Investments Over 5 Years

On Thursday, Xiaomi Company (OTC:XIACY) founder and CEO, Lei Jun, showcased the corporate’s ambitions to increase its know-how portfolio by introducing its self-developed cellular chip, the Xring O1.

In a live-streamed occasion from Beijing, Lei Jun unveiled this chip, which is designed to energy a brand new technology of top-end gadgets, such because the Pill 7 Extremely and the Xiaomi 15S Professional smartphone.

Xiaomi Unveils New Self-Developed Chip, Announces $28B in R&D For 5 Years — Xiaomi Unveils New Self-Developed Chip, Pronounces $28B in R&D For five Years

A lady utilizing a smartphone to entry a service supplied by the corporate.

This 3nm processor is constructed on TSMC’s second-generation N3E course of. Lei Jun said that the Xring O1 is aimed toward matching chips from business leaders like Apple Inc. (NASDAQ:AAPL) and Qualcomm Inc. (NASDAQ:QCOM). Whereas admitting that the Xring would possibly lag Apple’s chipsets in some facets, akin to processor velocity, he emphasised that its improvement continues to be a major achievement for Xiaomi’s design crew.

Lei Jun additionally introduced plans to speculate 200 billion yuan ($28 billion) in R&D over the subsequent 5 years. The corporate had beforehand introduced a $7 billion funding to develop and improve its cellular processors over the subsequent decade. Amongst different hard-tech initiatives, Xiaomi has touted an in-house LLM dubbed MiMo, which marked the corporate’s first actual AI product.

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Disclosure: None. This text is initially revealed at Insider Monkey.