XIAOMI(HK:01810) Sou Hu Cai Jing·2025-05-22 08:57Group 1 - The core message emphasizes the challenges and long-term commitment of the company in developing its own chips, particularly the "玄戒O1" [1][3] - The company has invested over 135 billion RMB in chip development over the past four years, with a team of more than 2,500 people dedicated to this effort [5][7] - The company plans to continue investing in chip development for at least ten years, with a minimum investment of 500 billion RMB [5] Group 2 - The company initially began its chip development journey 11 years ago in 2014, launching its first mobile chip "澎湃 S1" in 2017 [5] - After a pause in developing large-scale SoC chips, the company shifted focus to smaller chips, including fast charging and battery management chips [5] - The company has set high goals for the "玄戒" project, aiming for the latest process technology and top-tier performance and efficiency [5][7]