Xiaomi reportedly revealed plans to invest CNY50 billion (US$6.9 billion) over the next 10 years to develop its own mobile processors, and is set to unveil such chips this week.
Bloomberg reported, the Chinese smartphone manufacturer’s co-founder Lei Jun said “chips are at a peak we need to climb and a hard battle we cannot escape if we want to become a hard tech company”.
Lei confirmed the company will unveil its first internally developed processor the Xring O1 on May 22nd, following speculation on the chipset.
The Xring O1 had been development since 2021 on the back of an investment of CNY13.5 billion along with CNY6 billion spent on R&D in 2025 alone, noted the co-founder. Xiaomi currently has 2,500 people in its semiconductor ream.
The chipset will see its debut in the Xiaomi 15S Pro smartphone and the Xiaomi Pad 7 Ultra, reported Reuters.
