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Technology

Xiaomi to invest at least $6.9 billion in chip design, founder says

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By Reuters

BEIJING: Chinese smartphone and electric vehicle maker Xiaomi said on Monday it plans to invest at least 50 billion yuan ($6.93 billion) in chip design over at least 10 years.

The investment sum was flagged by Xiaomi’s founder Lei Jun in a post on social media platform Weibo. A Xiaomi representative told Reuters the 50 billion yuan investment timeline starts from 2025.

Xiaomi denies report of YU7 SUV launch delay, Lei Jun to skip Shanghai auto show

Xiaomi has invested 13.5 billion yuan to self-develop its advanced mobile chip XringO1, Lei said in the post, adding that the company’s chip design unit employs more than 2,500 people.

Xiaomi

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