XIAOMI(HK:01810) Mei Ri Jing Ji Xin Wen·2025-05-22 12:05Core Viewpoint - Xiaomi's journey in chip development began in September 2014, with a focus on becoming a significant player in the technology sector, emphasizing the necessity of chip production for its growth and competitiveness [2] Group 1: Chip Development History - Xiaomi initiated its chip development with the launch of the "Surge S1" in 2017, which was based on a 28nm process and used in the Xiaomi 5c smartphone, but faced challenges in market sustainability [2] - The company shifted its focus to developing smaller, specialized chips after the initial setback, successfully commercializing several self-developed chips since 2021, which include functionalities for image processing, power management, and signal enhancement [2] Group 2: Investment and Resources - Over the past four years, Xiaomi has invested 13.5 billion yuan (approximately 1.9 billion USD) in its chip development efforts, with a dedicated team of over 2,500 people [2] - The company's research and development budget for chips exceeds 6 billion yuan (approximately 840 million USD) for the current year, highlighting its commitment to this sector [2] Group 3: Future Aspirations - Xiaomi aims to establish itself as a leading hardcore technology company, viewing chip development as a critical challenge that must be overcome to achieve this goal [2] - The recent announcement of the new flagship SoC chip, "Xuanjie O1," marks a significant step in Xiaomi's ongoing chip development strategy [2]