Xiaomi to Invest RMB 50 Billion to Develop Its Own Chips

Last week, Xiaomi announced the Xring01 chip for smartphones, its first processor chip since the Surge S1 eight years ago. The Xring01 is Xiaomi's new start, with CEO Lei Jun saying that 13.5 billion RMB (~RM 8 billion) was spent on its development.

He also revealed that Xiaomi is committed to investing RMB 50 billion (~RM 29.8 billion) over the next 10 years to develop its own chips. Previously, the project to develop its own chips was halted due to several issues. They then focused first on the production of battery charging control chips and ISPs for cameras.

The development of its own chips restarted simultaneously with Xiaomi's involvement in the automotive world. Using its own chips allows Xiaomi to produce chips that truly meet their needs and will reduce its dependence on other companies such as MediaTek and Qualcomm.