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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Serbian President Aleksandar Vučić will pay an official visit to Uzbekistan from 28 to 31 October at the invitation of President Shavkat Mirziyoyev.
British actress Prunella Scales, best known for playing the formidable Sybil Fawlty in comedy show "Fawlty Towers", has died age 93, her sons said in a statement on Tuesday.
A light aircraft carrying foreign tourists from Hungary and Germany crashed in Kenya on Tuesday morning, killing all 11 people on board.
U.S. President Donald Trump has extended multiple invitations to meet North Korean leader Kim Jong Un ahead of his visit to South Korea this week, with Seoul officials publicly supporting the idea.
At least 69 people have died and almost 150 injured following a powerful 6.9-magnitude earthquake off the coast of Cebu City in the central Visayas region of the Philippines, officials said, making it one of the country’s deadliest disasters this year.
A tsunami threat was issued in Chile after a magnitude 7.8 earthquake struck the Drake Passage on Friday. The epicenter was located 135 miles south of Puerto Williams on the north coast of Navarino Island.
The war in Ukraine has reached a strategic impasse, and it seems that the conflict will not be solved by military means. This creates a path toward one of two alternatives: either a “frozen” phase that can last indefinitely or a quest for a durable political regulation.
A shooting in Nice, southeastern France, left two people dead and five injured on Friday, authorities said.
Snapchat will start charging users who store more than 5GB of photos and videos in its Memories feature, prompting backlash from long-time users.
A small, silent object from another star is cutting through the Solar System. It’s real, not a film, and one scientist thinks it might be sending a message.
A 13-year-old boy in central Florida has been arrested after typing a violent question into ChatGPT during class, prompting an emergency police response when school monitoring software flagged the message in real time.
Nokia chief executive Justin Hotard said artificial intelligence is fuelling a structural growth cycle similar to the internet expansion of the 1990s, but rejected fears that investor enthusiasm has reached unsustainable levels.
NASA has announced that it will reopen bidding for its flagship U.S. moon landing contract, citing mounting delays in Elon Musk’s SpaceX Starship lunar lander project.
China has accused the United States of stealing sensitive data and infiltrating its National Time Service Centre, warning that such breaches could have disrupted communications, financial systems, power supplies, and the international standard time network.
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