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.
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Tanzania's government warned on Monday that protests scheduled for Tuesday would be illegal and amounted to an attempted coup, as security forces were heavily deployed in major cities.
Türkiye has reinforced its strategic partnership with Hungary, aiming to expand cooperation in trade, energy, defense, and innovation.
Ukraine’s President Volodymyr Zelenskyy says recent talks with U.S. representatives on a possible peace plan were “constructive, although not easy,” as he prepares for new consultations with European leaders in the coming days.
Emergency crews were deployed to the northeastern Ukrainian city of Okhtyrka on Monday morning after a residential high-rise was devastated by a Russian drone barrage, leaving several civilians wounded as the conflict approaches the end of its fourth year.
A coup attempt by a “small group of soldiers” has been foiled in Benin after hours of gunfire struck parts of the economic capital Cotonou, officials said on Sunday.
A delayed local vote in the rural Honduran town of San Antonio de Flores has become a pivotal moment in the country’s tightest presidential contest, with both campaigns watching its results as counting stretches into a second week.
FIFA releases the 2026 World Cup schedule with match dates, venues, and key fixtures. See when host nations USA, Mexico, and Canada play and get an overview of group stage and knockout rounds.
A powerful 7.6-magnitude earthquake struck off Japan’s northeastern coast late Monday, prompting tsunami warnings for Hokkaido, Aomori, and Iwate prefectures, the Japan Meteorological Agency (JMA) reported.
Lava fountains shot from Hawaii’s Kīlauea volcano from dawn to dusk on Saturday, with new footage showing intensifying activity at the north vent.
Children are forming new patterns of trust and attachment with artificial intelligence (AI) companions, entering a world where digital partners shape their play, their confidence and the conversations they no longer share with adults.
The International Robot Exhibition (IREX) opened in Tokyo on 3 December, bringing together visitors to explore robotics applications for industry, healthcare, logistics, and everyday life.
A bipartisan group of U.S. senators, including prominent Republican China hawk Tom Cotton, introduced the SAFE CHIPS Act on Thursday, aiming to prevent the Trump administration from easing restrictions on China’s access to advanced artificial intelligence (AI) chips for a period of 2.5 years.
A former Apple engineer has unveiled a new Chinese chip designed to compete directly with Apple’s Vision Pro headset.
Chinese AI startup DeepSeek has introduced its newest model, DeepSeek-V3.2-Speciale, claiming it can perform some tasks as well as the latest models from Google DeepMind and OpenAI.
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