Chinese smartphone maker Xiaomi plans to invest at least $6.9 billion in chip design over the next five years, according to founder Lei Jun. The strategic investment aims to enhance the company's semiconductor capabilities, signaling Xiaomi's commitment to developing in-house chip technology and reducing dependence on external suppliers in an increasingly competitive tech landscape.
Chinese smartphone maker Xiaomi plans to invest at least $6.9 billion in chip design over the next five years, according to founder Lei Jun. The strategic investment aims to enhance the company's semiconductor capabilities, signaling Xiaomi's commitment to developing in-house chip technology and reducing dependence on external suppliers in an increasingly competitive tech landscape.