Xiaomi CEO Lei Jun announced a $6.9 billion investment plan over the next decade to develop advanced chips, unveiling the new Xring O1 system-on-chip this Thursday, aiming to boost the company’s high-end smartphone strategy and reduce reliance on Qualcomm.
Chinese tech giant Xiaomi has revealed ambitious plans to invest at least 50 billion yuan (approximately $6.93 billion) over the next ten years to develop its own semiconductor chips, according to CEO Lei Jun’s announcement on social media. This bold move marks a significant step in Xiaomi’s pursuit of becoming a leading hard-core technology company.
Lei highlighted the company’s longstanding “chip dream,” emphasizing that mastering chip technology is essential to reaching the pinnacle of tech innovation. Reflecting on lessons from its initial chip manufacturing efforts, Xiaomi concluded that focusing on producing high-end flagship system-on-chips (SoCs) is critical to advancing its technology and supporting its premium product lineup.
Currently, Xiaomi relies heavily on Qualcomm’s Snapdragon chips for its flagship smartphones. The new Xring O1 SoC, set to be unveiled on Thursday, is expected to power Xiaomi’s upcoming smartphone, showcasing the company’s progress in chip design.
In addition to the SoC launch, Xiaomi plans to introduce an electric vehicle, a new tablet, and a smartphone during Thursday’s event, signaling a broad push into multiple technology sectors.
Azerbaijani President Ilham Aliyev and German President Frank-Walter Steinmeier have discussed a number of regional developments, transport connectivi...
Southeast Asian foreign ministers called for restraint on Tuesday as renewed conflict in the Middle East overshadowed regional talks in Manila, warnin...
Iran's Revolutionary Guards (IRGC) said it had struck U.S.-linked military sites in Kuwait and Bahrain, claiming damage to air defences and radar sys...
Azerbaijani President Ilham Aliyev and German President Frank-Walter Steinmeier have discussed a number of regional developments, transport connectivity and the peace process between Azerbaijan and Armenia during talks in Berlin.
Iran's Revolutionary Guards (IRGC) said it had struck U.S.-linked military sites in Kuwait and Bahrain, claiming damage to air defences and radar systems, as U.S. forces carried out a 10th consecutive night of strikes on Iran. The IRGC also said two oil tankers caught fire in the Strait of Hormuz.
The International Monetary Fund (IMF) has completed its latest review of Ukraine's financing programme, clearing the way for the immediate release of around $690 million in additional support. The latest disbursement brings total funding under the programme to about $2.2 billion.
Türkiye has taken a new technical step to facilitate direct trade with Armenia as part of the ongoing normalisation process between the two countries.
Start your day informed with AnewZ Morning Brief. Here are the top news stories for the 20th July, covering the latest developments you need to know.
At least six people were killed and 21 others injured after two earthquakes struck Peru's central Junín region, destroying dozens of homes and triggering a major emergency response.
Kylian Mbappé has become the first player to win the FIFA World Cup Golden Boot on more than one occasion. The French forward won the award presented to the top goalscorer of the tournament for the second time, despite France being knocked out in the semi-finals.
The United States launched fresh strikes against Iran after two U.S. service members were killed in Jordan. U.S. President Donald Trump paid tribute to the fallen troops as Iran warned of further escalation.
Overnight U.S. strikes caused blackouts in southwestern Iran and hit the northwestern city of Tabriz for the first time. Separately, a U.S. soldier died in northern Iraq during a controlled detonation of an unexploded Iranian drone.
More than 1,100 companies are presenting their latest artificial intelligence technologies at the 2026 World AI Conference (WAIC) in Shanghai, where innovation, international cooperation and AI governance are taking centre stage.
A humanoid robot demonstrated its ability to prepare regional dishes during a live cooking show in northwest China’s Xinjiang Uygur Autonomous Region, highlighting advances in embodied artificial intelligence (AI) and dexterous robotics.
Following major layoffs in May, when Meta Platforms cut 10 per cent of its global workforce, 26 former employees have filed a lawsuit accusing the tech giant of using AI-powered software that unfairly targeted people with disabilities and those who took medical or family leave.
A team of South Korean and U.S. researchers has developed a robotic system that allows people to put on clothing without using their hands or needing help from someone else.
A Russian Soyuz spacecraft carrying two Russian cosmonauts and one U.S. astronaut successfully docked with the International Space Station (ISS) on Tuesday, highlighting continued U.S.-Russian cooperation in space despite wider geopolitical tensions.
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