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.
U.S. President Donald Trump said Russia and Ukraine will “immediately” begin negotiations to reach a ceasefire and end the war.
Rescuers in Indonesia have had to stop searching for 14 gold miners missing after a landslide killed six people at a remote mine in Papua province.
On May 19, 2025, the U.S. Defense Innovation Unit (DIU) and the UAE’s Tawazun Council signed a deal to strengthen defense cooperation and develop new technologies.
India’s space agency, ISRO, has reported a failure in launching its EOS-9 surveillance satellite into the planned orbit after a technical problem during the rocket’s flight.
President Donald Trump said the war in Ukraine should have remained a European matter and that the United States should not have gotten involved.
U.S. President Donald Trump said Russia and Ukraine will “immediately” begin negotiations to reach a ceasefire and end the war.
Rescuers in Indonesia have had to stop searching for 14 gold miners missing after a landslide killed six people at a remote mine in Papua province.
On May 19, 2025, the U.S. Defense Innovation Unit (DIU) and the UAE’s Tawazun Council signed a deal to strengthen defense cooperation and develop new technologies.
India’s space agency, ISRO, has reported a failure in launching its EOS-9 surveillance satellite into the planned orbit after a technical problem during the rocket’s flight.
President Donald Trump said the war in Ukraine should have remained a European matter and that the United States should not have gotten involved.
Ukrainian President Volodymyr Zelenskyy met Turkish President Recep Tayyip Erdogan in Ankara on May 15, with discussions reportedly focusing on upcoming peace talks between Ukrainian and Russian delegates in Istanbul.
Israeli Prime Minister Benjamin Netanyahu said the war in Gaza will not stop until Hamas is destroyed, following the release of US-Israeli soldier Edan Alexander.
Qatar signed a landmark agreement with U.S. aerospace giant Boeing on Wednesday to acquire 160 aircraft for Qatar Airways, a deal valued at $200 billion. The signing took place in Doha during the visit of U.S. President Donald Trump.
Ukrainian and Russian delegations meet behind closed doors at Istanbul’s Dolmabahçe Palace at 10:00 local time today to explore security guarantees, territorial integrity and a possible ceasefire.
EU approves 17th Russia sanctions, blacklisting almost 200 shadow‑fleet ships, 30 evasion firms and 75 defence figures, banning missile chemicals and arming Brussels to strike Kremlin hybrid and operations.
Microsoft announced on Monday that it will begin hosting AI models from Elon Musk's xAI, Meta Platforms, and European startups like Mistral and Black Forest Labs in its own data centers.
NASA’s Perseverance rover has spotted the first aurora on Mars visible to the human eye, offering a glimpse of what future astronauts might one day enjoy under the Martian sky.
China and Russia have agreed to build a nuclear-powered lunar base by 2036 at the Moon’s south pole. The International Lunar Research Station will support scientific research and resource exploration, marking a major step in their joint space efforts amid shifting global space priorities.
ChatGPT climbed to fifth place among the world’s most visited websites in April, outpacing rivals in the AI space despite increasing competition, including from China’s DeepSeek.
Plan-S has entered a strategic partnership with Azerbaijan's national space agency, Azercosmos, to support the country’s digital transformation through satellite-based solutions, particularly in rural areas and sectors like agriculture and energy.
U.S. President Donald Trump said Russia and Ukraine will “immediately” begin negotiations to reach a ceasefire and end the war.
Rescuers in Indonesia have had to stop searching for 14 gold miners missing after a landslide killed six people at a remote mine in Papua province.
On May 19, 2025, the U.S. Defense Innovation Unit (DIU) and the UAE’s Tawazun Council signed a deal to strengthen defense cooperation and develop new technologies.
India’s space agency, ISRO, has reported a failure in launching its EOS-9 surveillance satellite into the planned orbit after a technical problem during the rocket’s flight.
President Donald Trump said the war in Ukraine should have remained a European matter and that the United States should not have gotten involved.
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