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.
Spain has deployed hundreds more troops to fight 20 major wildfires as extreme heat fuels one of the worst fire seasons in southern Europe in two deca...
U.S. envoy Tom Barrack has arrived in Beirut for his fourth visit since June, seeking to reinforce a fragile ceasefire between Israel and Lebanon, day...
China has released the first and second volumes of a compilation of speeches by President Xi Jinping on comprehensively deepening reform, covering wor...
More than 10,000 Air Canada flight attendants will continue striking despite federal back-to-work orders, their union said Sunday, intensifying disrup...
U.S. President Donald Trump may offer NATO-like protection for Ukraine, a move that Russia is open to, according to his top foreign policy aide. The s...
Spain has deployed hundreds more troops to fight 20 major wildfires as extreme heat fuels one of the worst fire seasons in southern Europe in two decades.
U.S. envoy Tom Barrack has arrived in Beirut for his fourth visit since June, seeking to reinforce a fragile ceasefire between Israel and Lebanon, days after the Cabinet backed a plan to disarm Hezbollah and other non-state groups.
China has released the first and second volumes of a compilation of speeches by President Xi Jinping on comprehensively deepening reform, covering works from 2012 to 2025.
More than 10,000 Air Canada flight attendants will continue striking despite federal back-to-work orders, their union said Sunday, intensifying disruption at Canada’s largest airline.
A powerful eruption at Japan’s Shinmoedake volcano sent an ash plume more than 3,000 metres high on Sunday morning, prompting safety warnings from authorities.
According to the German Research Centre for Geosciences (GFZ), a magnitude 5.7 earthquake struck the Oaxaca region of Mexico on Saturday.
A magnitude 5.2 earthquake struck 56 kilometres east of Gorgan in northern Iran early Sunday morning, according to preliminary seismic data.
A deadly heatwave has claimed 1,180 lives in Spain since May, with elderly people most at risk, prompting calls for urgent social support.
Media accreditation is now open for COP30, the United Nations Climate Change Conference, set to take place in Belém, Brazil in 2025.
The California Coastal Commission on Thursday voted against a proposal by Elon Musk’s SpaceX to almost double its permitted annual Falcon 9 rocket launches from Vandenberg Space Force Base, raising the limit from 50 to 95.
The U.S. government on Wednesday signed an executive order to ease federal regulations on commercial rocket launches, potentially benefiting SpaceX and other private space companies.
For now, Earth is the only confirmed cradle of life in the universe, but every new discovery of distant worlds brings us closer to answering one of humanity’s oldest questions: could some of them be home to intelligent beings?
Artificial intelligence (AI) start-up Perplexity has made a surprise $34.5bn takeover bid for Google's Chrome internet browser
Chinese authorities have summoned major tech firms, including Tencent and ByteDance, over their purchases of Nvidia’s H20 AI chips, raising concerns about information security and urging companies to rely on domestic suppliers amid escalating regulatory scrutiny.
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