China's Xiaomi commits $6.9 billion to in-house chips

Core Insights - Xiaomi is set to launch its self-developed smartphone SoC, XRING 01, in late May 2025, as announced by CEO Lei Jun [1][3] - The company plans to invest at least 50 billion yuan ($6.9 billion) over the next 10 years to develop its own chips, starting from 2025 [1][3] - This initiative is part of a broader trend among Chinese firms to enhance home-grown technology amid ongoing trade tensions with the U.S. [2] Investment and Development - The 50 billion yuan investment will focus on semiconductor development, reflecting Xiaomi's commitment to self-sufficiency in technology [1][3] - The XRING 01 SoC will utilize a 3 nanometer manufacturing process, which is among the most advanced available, comparable to Apple's A18 Pro chips [3] Technology Overview - A system-on-chip (SoC) integrates various components necessary for device operation, such as memory and wireless connectivity [4]