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.
UK Prime Minister Keir Starmer met NATO Secretary General Mark Rutte in London on Tuesday to discuss Israel’s recent strike on the Hamas delegation ...
U.S. President Donald Trump has stated that Israel’s recent strike on Hamas leadership in Doha, Qatar, was a decision made solely by Israeli Prime M...
A North Carolina man has been charged by the U.S. Justice Department over the fatal stabbing of a Ukrainian refugee on a commuter train, a crime that ...
Türkiye’s defence minister Yasar Guler met Pakistani prime minister Shehbaz Sharif in Islamabad on Tuesday during an official visit, according to A...
Iran has officially resumed its cooperation with the International Atomic Energy Agency (IAEA), marking a significant step towards regional stability ...
UK Prime Minister Keir Starmer met NATO Secretary General Mark Rutte in London on Tuesday to discuss Israel’s recent strike on the Hamas delegation in Qatar and ongoing developments in Ukraine.
U.S. President Donald Trump has stated that Israel’s recent strike on Hamas leadership in Doha, Qatar, was a decision made solely by Israeli Prime Minister Benjamin Netanyahu, not by the Trump administration.
A North Carolina man has been charged by the U.S. Justice Department over the fatal stabbing of a Ukrainian refugee on a commuter train, a crime that could carry the death penalty.
Türkiye’s defence minister Yasar Guler met Pakistani prime minister Shehbaz Sharif in Islamabad on Tuesday during an official visit, according to Ankara’s National Defence Ministry.
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.
The UK is gearing up for Exercise Pegasus 2025, its largest pandemic readiness test since COVID-19. Running from September to November, this full-scale simulation will challenge the country's response to a fast-moving respiratory outbreak.
A Polish Air Force pilot was killed on Thursday when an F-16 fighter jet crashed during a training flight ahead of the 2025 Radom International Air Show.
Nvidia (NVDA.O) announced on Tuesday that it plans to release a new artificial intelligence chip by the end of next year, designed to manage complex tasks like video creation and software development.
Apple (AAPL.O) on Tuesday opened its annual showcase, where it is expected to reveal a new range of iPhones, including a slimmer “Air” model that could foreshadow the launch of a folding phone next year.
Alibaba has released its most powerful artificial intelligence model to date, Qwen-3-Max-Preview, marking a major leap forward in the company’s AI ambitions.
Kazakhstan has launched Space Days 2025, a landmark international forum in Almaty that gathers astronauts, scientists, policymakers, and investors from across the globe to debate the future of space technology, education, and cooperation.
OpenAI has sharply raised its projected cash burn through 2029 to $115 billion, according to The Information. This marks an $80 billion increase from previous estimates, as the company ramps up spending to fuel the AI behind its ChatGPT chatbot.
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