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.
Russia on Tuesday extended its ban on gasoline exports and imposed fresh limits on other petroleum products until 31 December 2025....
President Ilham Aliyev, held an expanded meeting with Sergio Mattarella, President of the Italy during his visit to Azerbaijan on 30th September....
Internet and phone networks across Afghanistan have been shut down since Monday evening, leaving millions of people disconnected from each other and f...
Germany has outlined plans to ramp up its military strength, committing billions to modernize equipment and increase personnel to 260,000 over the nex...
OPEC+ is likely to consider a larger oil production increase of 411,000 barrels per day for November at its meeting next Sunday as rising oil prices e...
Russia on Tuesday extended its ban on gasoline exports and imposed fresh limits on other petroleum products until 31 December 2025.
A U.S.-sponsored ceasefire proposal for Gaza on Tuesday was hinging on Hamas's response to the 20-point plan which U.S. President Donald Trump has said was "beyond very close" to ending the two-year-old conflict in the region.
President Ilham Aliyev welcomed his Italian counterpart to Baku on Tuesday 30th September. Sergio Mattarella is in the Republic of Azerbaijan for an official visit.
Internet and phone networks across Afghanistan have been shut down since Monday evening, leaving millions of people disconnected from each other and from the rest of the world
AnewZ has learned that India has once again blocked Azerbaijan’s application for full membership in the Shanghai Cooperation Organisation, while Pakistan’s recent decision to consider diplomatic relations with Armenia has been coordinated with Baku as part of Azerbaijan’s peace agenda.
A day of mourning has been declared in Portugal to pay respect to victims who lost their lives in the Lisbon Funicular crash which happened on Wednesday evening.
Video from the USGS (United States Geological Survey) showed on Friday (19 September) the Kilauea volcano in Hawaii erupting and spewing lava.
At least eight people have died and more than 90 others were injured following a catastrophic gas tanker explosion on a major highway in Mexico City’s Iztapalapa district on Wednesday, authorities confirmed.
A powerful 7.4-magnitude earthquake struck off Russia’s Kamchatka Peninsula on 13 September with no tsunami threat, coming just weeks after the region endured a devastating 8.8-magnitude quake — the strongest since 1952.
NASA officials on Tuesday said the agency's first crewed flight in its Artemis programme - a trip around the moon and back - is on track for launch in April and could potentially be moved up to February 2026.
In a discovery that pushes the limits of our cosmic imagination, astronomers have revealed a colossal bridge of gas and stars stretching between galaxies, accompanied by the longest tail ever observed, an intergalactic structure on a scale that rewrites what we know about the Universe.
The GLOBSEC Initiative on the Future of Cyberspace Cooperation has released a new research paper examining NATO’s potential use of artificial intelligence in cybersecurity.
A nationwide survey in Kazakhstan shows a split opinion on the role of Artificial Intelligence (AI) in education, with 40.5% viewing it positively and 37.4% seeing it as a threat to learning quality, according to the Institute of Public Policy reported in The Astana Times.
Scientists and guests gathered at Boston University in Massachusetts on Thursday (18 September) for the 35th annual Ig Nobel Prize ceremony, which honours bizarre scientific discoveries.
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