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.
Another group of the Tchaikovsky Symphony Orchestra of Russia has been evacuated from Iran to Azerbaijan. During the night, a new group of orchestra members crossed into Azerbaijan through the Astara border checkpoint as part of the ongoing evacuation process.
France has closed four major Israeli company stands at the Paris Airshow for displaying offensive weapons, intensifying diplomatic tensions with Israel amid criticism of its actions in Gaza.
A community event turned deadly in West Valley City, Utah as gunfire erupted during a local carnival, killing three, including an eight-month-old baby and injuring two teens, after a dispute between two groups escalated.
The largest manhunt in Minnesota’s history concluded Sunday night with the arrest of Vance Boelter, 57, who is accused of killing Representative Melissa Hortman and her husband and wounding State Senator John A. Hoffman and his wife in targeted attacks that have stunned the state.
Start your day informed with AnewZ Morning Brief: here are the top news stories for June 16th, covering the latest developments you need to know.
Another group of the Tchaikovsky Symphony Orchestra of Russia has been evacuated from Iran to Azerbaijan. During the night, a new group of orchestra members crossed into Azerbaijan through the Astara border checkpoint as part of the ongoing evacuation process.
France has closed four major Israeli company stands at the Paris Airshow for displaying offensive weapons, intensifying diplomatic tensions with Israel amid criticism of its actions in Gaza.
A community event turned deadly in West Valley City, Utah as gunfire erupted during a local carnival, killing three, including an eight-month-old baby and injuring two teens, after a dispute between two groups escalated.
Kazakhstan has emerged as Azerbaijan’s top grain supplier, as trade between the two countries surged 20% in early 2025, reaching historic highs.
Start your day informed with AnewZ Morning Brief: here are the top news stories for June 16th, covering the latest developments you need to know.
Pakistan will begin its first freight train service to Russia from Lahore on June 22. The route is part of the INSTC and aims to connect Pakistan's rail network with Central Asia, establishing a new trade corridor via Iran, Turkmenistan, and Kazakhstan.
Israeli strikes have reportedly targeted areas near the residences of Iran’s Supreme Leader Ayatollah Ali Khamenei and President Masoud Pezeshkian, according to the New York Times, citing local witnesses.
The Israeli military has issued an evacuation advisory for Iranian civilians living near weapons production sites and associated infrastructure within Iran. The message was shared on the social media platform X in both Arabic and Farsi by an official military spokesperson.
Peace is no longer a dream. It is a discussion. On the streets of Baku and Yerevan, it is also a question, of trust, of foreign interests, and of who truly wants it.
An Air India flight with 242 passengers on board crashed in Meghaninagar, close to Ahmedabad airport in Gujarat, on Thursday afternoon.
Scientists at the South China University of Technology have engineered a new ceramic material that pushes the boundaries of heat resistance, a development with major implications for hypersonic flight, rocket engines, and energy production.
The National Election Board of Ethiopia (NEBE) has announced a landmark shift in its electoral process, declaring that the general elections scheduled for mid-2026 will be conducted using a fully digital system.
Prime Minister Petteri Orpo has announced Finland's ambition to host a European AI gigafactory. The move aims to boost national growth by building on the success of the LUMI supercomputer, with telecommunications giant Nokia poised to lead the project's business consortium.
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.
Another group of the Tchaikovsky Symphony Orchestra of Russia has been evacuated from Iran to Azerbaijan. During the night, a new group of orchestra members crossed into Azerbaijan through the Astara border checkpoint as part of the ongoing evacuation process.
France has closed four major Israeli company stands at the Paris Airshow for displaying offensive weapons, intensifying diplomatic tensions with Israel amid criticism of its actions in Gaza.
A community event turned deadly in West Valley City, Utah as gunfire erupted during a local carnival, killing three, including an eight-month-old baby and injuring two teens, after a dispute between two groups escalated.
Kazakhstan has emerged as Azerbaijan’s top grain supplier, as trade between the two countries surged 20% in early 2025, reaching historic highs.
Start your day informed with AnewZ Morning Brief: here are the top news stories for June 16th, covering the latest developments you need to know.
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