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.
A Russian drone attack on Kharkiv, Ukraine's second-largest city, has left at least two people dead and 38 others injured, including five children. The nine-minute strike, which involved 17 drones, caused fires and significant damage to residential and public areas in the city.
French President Emmanuel Macron has pledged to ban access to social media for children under 15 within months if the European Union does not act, citing growing concerns about youth safety and online influence.
The World Bank has lowered its global growth forecast for 2025 to 2.3%, down 0.4 percentage points from earlier estimates, warning that escalating trade tensions and tariff hikes are clouding the global economic outlook.
Disney will pay Comcast’s NBCUniversal nearly $439 million to buy the remaining stake in streaming service Hulu, gaining full control.
Security chief links cartel recruitment to deadly mine attack in Michoacan Mexico’s top security official says the country’s most powerful drug cartels are now recruiting former Colombian soldiers, raising new concerns about foreign fighters helping fuel cartel violence.
A Russian drone attack on Kharkiv, Ukraine's second-largest city, has left at least two people dead and 38 others injured, including five children. The nine-minute strike, which involved 17 drones, caused fires and significant damage to residential and public areas in the city.
French President Emmanuel Macron has pledged to ban access to social media for children under 15 within months if the European Union does not act, citing growing concerns about youth safety and online influence.
The World Bank has lowered its global growth forecast for 2025 to 2.3%, down 0.4 percentage points from earlier estimates, warning that escalating trade tensions and tariff hikes are clouding the global economic outlook.
Azerbaijan’s state energy firm SOCAR has signed a 10-year natural gas supply deal with Germany’s state-owned SEFE (Securing Energy for Europe), the companies announced on Tuesday.
Disney will pay Comcast’s NBCUniversal nearly $439 million to buy the remaining stake in streaming service Hulu, gaining full control.
Start your day informed with AnewZ Morning Brief: here are the top news stories for June 8th, covering the latest developments you need to know.
Presidential candidate Miguel Uribe Turbay is in critical condition after being shot three times — including twice in the head — during a campaign event in Bogotá.
A 30-year-old woman was shot by police in Munich on Saturday evening after stabbing two people at Theresienwiese, a central park best known for hosting Oktoberfest.
Mexican President Claudia Sheinbaum has condemned U.S. immigration raids and National Guard deployment in Los Angeles, calling for reforms instead of enforcement.
Israel’s military says it has identified the body of top Hamas commander Mohammed Sinwar beneath a hospital in southern Gaza.
British scientists have built more than 3,800 digital replicas of human hearts using AI and clinical data, aiming to revolutionize diagnosis, correct medical bias, and improve patient care.
Rolls-Royce SMR has been named the preferred bidder to develop the UK's first small modular reactors (SMRs) in partnership with the newly renamed Great British Energy – Nuclear. The project aims to bolster the UK's clean energy supply and energy independence.
Microsoft has officially revealed its long-anticipated handheld gaming console, the ROG Xbox Ally, developed in partnership with Asus. This new device aims to provide access to Xbox Game Pass libraries in a portable format, with its release scheduled for the end of 2025.
An unprecedented autumn Antarctic expedition found abundant plankton in deep ocean layers, challenging seasonal norms. Scientists link this to deep convection in the Ross Sea's polynya, shaping marine life and revealing a crucial "dark ecosystem" previously unknown in colder months.
SpaceX launched its Falcon 9 rocket carrying the SXM-10 satellite for SiriusXM early Saturday, marking another success despite rising political tensions.
A Russian drone attack on Kharkiv, Ukraine's second-largest city, has left at least two people dead and 38 others injured, including five children. The nine-minute strike, which involved 17 drones, caused fires and significant damage to residential and public areas in the city.
French President Emmanuel Macron has pledged to ban access to social media for children under 15 within months if the European Union does not act, citing growing concerns about youth safety and online influence.
The World Bank has lowered its global growth forecast for 2025 to 2.3%, down 0.4 percentage points from earlier estimates, warning that escalating trade tensions and tariff hikes are clouding the global economic outlook.
Azerbaijan’s state energy firm SOCAR has signed a 10-year natural gas supply deal with Germany’s state-owned SEFE (Securing Energy for Europe), the companies announced on Tuesday.
Disney will pay Comcast’s NBCUniversal nearly $439 million to buy the remaining stake in streaming service Hulu, gaining full control.
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