XIAOMI(HK:01810) Guan Cha Zhe Wang·2025-06-25 02:41Group 1 - Xiaomi has applied for the trademark "XRING O2," indicating potential development of its second-generation flagship chip, "玄戒O2" [1] - The first-generation flagship SoC, "玄戒O1," was launched in May 2023, utilizing a 3nm process with ARM's latest CPU and GPU architectures [1] - Xiaomi's president, Lu Weibing, stated that flagship chips are challenging to develop and will primarily be used in flagship products, emphasizing the importance of chip capabilities for long-term differentiation [1] Group 2 - A Xiaomi store in Shanghai reported limited availability of the Xiaomi 15S Pro, which features the "玄戒O1" chip, with only two units in stock for the second batch [2] - Recent U.S. export controls on EDA tools to China may impact domestic chip design firms, as they may not receive further updates after existing contracts expire [2] - Despite the export restrictions, existing EDA/IP tools can still be used, but firms may face challenges in maintenance and support [2]