XIAOMI(HK:01810) Guan Cha Zhe Wang·2025-05-19 03:59Core Viewpoint - Xiaomi's upcoming release of the self-developed SoC chip "Xuanjie O1" utilizing 3nm process technology marks a significant milestone for China's semiconductor industry, achieving parity with the world's most advanced design levels and positioning Xiaomi as the fourth global smartphone manufacturer with in-house SoC design capabilities [1][2]. Group 1: Industry Significance - The successful design of the 3nm chip fills a critical gap in the global semiconductor landscape, showcasing China's advancements in high-end chip design [1]. - The chip industry relies on both design and manufacturing, emphasizing the need for Chinese companies to excel in both areas to compete globally [1][2]. - Xiaomi's achievement is seen as a catalyst for the domestic semiconductor industry, potentially boosting talent confidence and driving innovation within the supply chain [2]. Group 2: Historical Context and Future Outlook - Xiaomi's journey in chip development began in 2014 with the establishment of Pinecone Electronics, demonstrating resilience despite earlier setbacks, such as the challenges faced with the Surge S1 chip [2]. - The company has invested over 100 billion yuan in research and development over the past five years, leading to a transformative breakthrough in mobile SoC technology [2]. - The current slowdown of Moore's Law and the deceleration of international giants present a unique opportunity for China to advance in semiconductor technology [2].