过去几天，围绕着小米最新的"玄戒O1"芯片有了非常多的讨论。除了赞扬小米实现了国产 3nm芯片设计的新突破后，还有一波人围绕着小米这颗芯片是否是自研展开了激烈讨论。 进入到近日，因为Arm CSS的原因，让整个芯片圈（媒体圈）像过年一样热闹。下面，笔者 分享一下对这颗这颗风口浪尖芯片讨论的一些了解。 如果您希望可以时常见面，欢迎标星收藏哦~ 在介绍Arm CSS之前，我们先了解一下Arm的业务模式和提供的产品。 作为全球最大的IP公司，Arm在过去的大部分时间里都是通过把自己的产品"授权"给用户，收取授 权费（license ）和版税（royalty）作为主要盈利模式的。其中，授权费可以简单看作Arm将其设 计授权给你所收取的第一笔费用，至于授权的产品可以分为"Architecture license"（如苹果和高 通就是这样授权，他们可以在Arm的框架下自定义其产品）和"IP license"（就是把公司设计好的 Cortex系列处理器授权给用户）。至于版税，则简单理解为在你授权了Arm的产品并设计量产芯片 后，每卖出一颗芯片，需要支付给Arm的费用。 在过去，这也是Arm主要的营收来源。 虽然，Arm在过 ...

Core Viewpoint - The company reported a strong performance in Q1 2025, with significant sales growth driven by new model launches, despite a challenging industry environment [1][2][3]. Sales Performance - In Q1 2025, the company achieved sales of 94,000 vehicles, representing a year-on-year increase of 330.8% and a quarter-on-quarter increase of 2.7% [1]. - The new models, Mona M03 and P7+, contributed significantly to sales, with 47,000 and 24,000 units sold respectively, accounting for 75.5% of total sales in the quarter [2]. Financial Metrics - Total revenue for Q1 2025 was 15.81 billion yuan, showing a year-on-year increase of 141.5% but a quarter-on-quarter decrease of 1.8% [1]. - The average revenue per vehicle was 153,000 yuan, down 39.8% year-on-year and 4.7% quarter-on-quarter [1]. - The gross margin improved to 15.6%, with a year-on-year increase of 2.7 percentage points and a quarter-on-quarter increase of 1.2 percentage points [1]. Future Outlook - The company has set a delivery guidance of 102,000 to 108,000 vehicles for Q2 2025, which would be a record high [2]. - The introduction of new models such as G6 and G9, along with the upcoming M03 Max version, is expected to further enhance sales and profitability [3]. - The company anticipates total sales of 550,000 vehicles in 2025, representing a year-on-year increase of 190% [3]. Technological Advancements - The company is set to deploy its self-developed Turing chip in Q2, which is designed to optimize cost control and enhance the capabilities of its vehicles [3]. - The Turing chip boasts processing power 3-7 times that of current mainstream AI chips, specifically designed for L4 autonomous driving [3]. Profitability Forecast - The company has revised its revenue projections for 2025-2027 upwards, with expected revenues of 95.9 billion, 117.2 billion, and 135.5 billion yuan respectively [4]. - The forecast for net profit attributable to the parent company has also been increased, with estimates of 400 million, 2.8 billion, and 4.7 billion yuan for the same period [4].

Group 1 - Lei Jun revealed the use of the "Xuanjie chip trio," which includes the Xiaomi 15S Pro, Xiaomi Pad 7 Ultra, and Xiaomi Watch S4 eSIM 15th Anniversary Edition, showcasing Xiaomi's breakthroughs in chip technology [2][14] - The prices for the trio are as follows: Xiaomi Pad 7 Ultra starts at 5699 yuan, Xiaomi 15S Pro starts at 5499 yuan, making the total minimum cost for the trio 11302.15 yuan [5][6][14] - The Xiaomi 15S Pro features the self-developed Xuanjie O1 flagship processor, built on TSMC's second-generation 3nm process, integrating 19 billion transistors, and its performance is comparable to Qualcomm Snapdragon 8 Gen 2 and Apple A18 Pro [8] Group 2 - The Xiaomi Pad 7 Ultra also utilizes the Xuanjie O1 chip and boasts a 14-inch 3.2K OLED display, a 12000mAh battery, and supports 120W fast charging, making it one of the most powerful tablets from Xiaomi [10] - The Xiaomi Watch S4 eSIM 15th Anniversary Edition is the first smartwatch to feature a self-developed communication chip, the Xuanjie T1, which enhances network efficiency and offers a 35% improvement in battery life compared to its predecessor [12] - Xiaomi plans to invest 50 billion yuan in the chip sector over the next ten years to build a complete self-developed chip ecosystem, indicating a long-term commitment to chip independence [14]

Core Viewpoint - Xiaomi has officially launched its self-developed SoC chip "Xuanjie O1" during its 15th anniversary event, marking a significant step towards becoming a "hardcore technology company" [3][4]. Group 1: Chip Development and Features - The "Xuanjie O1" chip is built on a second-generation 3nm process and took Xiaomi ten years and over 13.5 billion yuan in investment, involving a team of 2,500 people [1][4]. - The chip features 19 billion transistors and utilizes ARM's latest X925 architecture, making its performance comparable to Apple's A18 Pro chip [6][7]. - Xiaomi's strategy involves a combination of self-developed application processors and third-party baseband chips, which is seen as the optimal choice given the concentration of communication baseband technology patents among leading companies [7]. Group 2: Market Position and Strategy - Xiaomi aims to reshape its brand image and enhance its presence in the high-end market by leveraging its self-developed chip technology [7][8]. - The company has seen fluctuations in smartphone market performance, recently regaining the top position in China's smartphone market with 13.3 million units shipped in Q1 2025, although it did not rank in the top three for the entire year of 2024 [12][13]. - Xiaomi's high-end strategy is still in its early stages, with the need for continuous innovation and product optimization to compete effectively against Apple and Huawei, which dominate over 80% of the high-end market [12][13][15]. Group 3: Future Outlook and Challenges - The release of the "Xuanjie O1" chip is just the beginning, with significant challenges ahead, including high R&D costs and the need for substantial sales volumes to justify the investment [9][15]. - Xiaomi plans to invest at least 200 billion yuan in R&D over the next decade, indicating a long-term commitment to chip development [15].

Core Insights - Xiaomi held a significant product launch event titled "New Starting Point" on May 22, showcasing various new products including the self-developed 3nm mobile chip "Xuanjie O1" and the first SUV model "YU7" [2][3][4] Product Launch Highlights - The launch featured multiple key products such as the Xiaomi 15S Pro smartphone, Xiaomi Pad 7 Ultra, and Xiaomi Watch S4, alongside the SUV YU7 [2][4] - The "Xuanjie O1" chip is notable for being the first 3nm mobile chip developed in-house by Xiaomi, making it the first in mainland China and the fourth globally to achieve this milestone [4][5] Chip Development and Strategy - Xiaomi has invested 13.5 billion yuan in chip development over the past four years, with a budget exceeding 6 billion yuan for 2025 [5] - The "Xuanjie O1" chip features 190 billion transistors and a chip area of only 109mm², achieving a benchmark score of over 3 million in laboratory tests [5] Automotive Ambitions - The YU7 SUV is positioned as a luxury high-performance vehicle, with three versions planned: YU7, YU7 Pro, and YU7 Max, set to launch in July [7][9] - The YU7 features advanced specifications including a 101.7kWh battery with a range of 760km and a maximum power output of 288kW [7][8] Safety and Technology - The YU7 incorporates a robust safety design with a mixed steel-aluminum body and advanced driver assistance systems, including lidar and radar technologies [8] - Xiaomi aims to enhance its automotive offerings following previous challenges, including addressing safety concerns related to its SU7 model [10] Market Position and Future Outlook - Despite recent controversies, Xiaomi's product launches and technological advancements are seen as a strategic response to market challenges, aiming to solidify its position in both the smartphone and automotive sectors [3][10] - The company continues to maintain a partnership with Qualcomm, ensuring that its flagship smartphones will still utilize Qualcomm's Snapdragon processors [6]

Group 1: Xiaomi's Chip Development - Xiaomi's founder Lei Jun introduced the new "Xuanjie O1" chip, which scored over 3 million on AnTuTu, aiming to compete with Apple [1][9] - Lei Jun acknowledged that Apple is at the top level globally and it is unrealistic to expect Xiaomi to surpass Apple immediately [3][9] - The Xuanjie O1 chip utilizes the advanced 3nm process technology and is designed with a self-developed AP architecture combined with a third-party baseband [11] Group 2: Xiaomi's Product Launch and Market Position - Xiaomi is set to hold a strategic product launch event featuring the Xuanjie O1 chip and the first SUV model YU7 [9] - The YU7 model is expected to be priced higher than 199,000 yuan, with Lei Jun suggesting it should be at least 30,000 yuan more than the Model Y priced at 263,500 yuan [7][9] - Xiaomi's SU7 series has achieved cumulative deliveries of 258,000 units [23] Group 3: Industry Context and Competitiveness - Xiaomi becomes the second Chinese manufacturer after Huawei to achieve mass production and commercialization of flagship SoC chips [9] - An industry insider noted that Xiaomi's chip team is highly competitive, indicating strong potential in the semiconductor market [11]

Core Viewpoint - Xiaomi's 15th anniversary event highlighted the launch of its self-developed 3nm flagship processor, the Xuanjie O1, and the SUV model, Xiaomi YU7, indicating a significant step in its ambition to become a leading technology company in the semiconductor space [1][2][4]. Group 1: Chip Development - The Xuanjie O1 processor is designed to compete with Apple's advanced chips, featuring 190 billion transistors and a chip area of only 109mm², achieving a lab score exceeding 3 million [5][8]. - Xiaomi plans to invest 200 billion yuan in R&D over the next five years, doubling its previous five-year investment of 102 billion yuan [4]. - The processor employs a ten-core architecture with a peak performance increase of 36%, and a 16-core GPU that significantly reduces power consumption through dynamic performance scheduling [7][10]. Group 2: Strategic Vision - Xiaomi's founder, Lei Jun, emphasized the necessity of chip development for the company's future, stating that it is a critical challenge that cannot be avoided [2][16]. - The company has committed to a long-term strategy, planning to invest at least 50 billion yuan over the next decade in chip development, acknowledging the high costs and long cycles associated with semiconductor production [16][18]. - Lei Jun reflected on the challenges faced over the past 11 years in chip development, highlighting the perseverance required to achieve their goals [14][18].

（文/观察者网 吕栋 编辑/张广凯） 昨晚（5月22日），小米自研设计的3纳米芯片"玄戒O1"终于公布技术细节，一同亮相的还有小米首颗自研4G基带"玄戒T1"，有些出人意料。 雷军坦言，小米一直有颗"芯片梦"，想成为一家伟大的硬核科技公司，芯片是小米绕不过去的硬仗。他透露，玄戒O1研发4年多，已经花了135亿，现在小 米汽车、芯片、智能工厂全部完成了"从0到1"的跨越。 那小米这颗3纳米芯片到底什么水平？ 正如之前外界推测的那样，小米上来就推出一款3纳米旗舰SoC，是因为CPU和GPU都采用了ARM公版方案。比如10核CPU中，双超大核采用的是ARM最新 的Cortex-X925，4颗性能大核是最新推出的A725，以及2颗低频A725能效大核和两颗A520能效小核；GPU采用的是ARM性能最强的Immortalis-G925，并且 一共使用了16颗；通信基带采用的是联发科方案，最终由台积电第二代3纳米工艺制造。 图源：观察者网 大量堆核心，在提高性能的同时，会让功耗成为难题。雷军透露，玄戒O1设计之初就立下"死守功耗"的目标，这颗芯片的CPU能效表现已经十分接近苹 果，GPU同性能下功耗下，相比A18 Pro ...

Core Insights - Xiaomi has announced the launch of its self-developed mobile chip "Xuanjie O1" during its 15th anniversary event, marking a significant milestone in its technology capabilities [1][14] - The chip positions Xiaomi as the fourth global and second domestic brand to master mobile SoC core technology, directly competing with Apple's A-series, Huawei's Kirin, and Samsung's Exynos [1][14] Development Journey - Xiaomi's chip development began in September 2014 with the establishment of Pinecone Electronics, initially perceived as a marketing attempt [4] - Despite early setbacks with the Surge S1 chip, Xiaomi invested 8 billion yuan in 2023 alone, totaling 30 billion yuan over ten years, leading to significant breakthroughs in chip technology [4] Technical Specifications - The Xuanjie O1 chip, designed by Qin Muyun, features a 4nm process from TSMC, with a performance score reaching 2 million, surpassing Snapdragon 8 Gen3 [6] - It includes a powerful architecture with one 3.2GHz super core, three 2.8GHz middle cores, and four efficiency cores, along with an advanced GPU supporting ray tracing technology [6][8] AI Capabilities - The chip integrates Xiaomi's self-developed NPU "Kunlun," capable of processing 15 trillion operations per second, significantly enhancing AI performance in photography [8] - The AI algorithms reportedly reduce noise in night photography to half the level of the iPhone 15 Pro [8] Market Positioning - The first device featuring the Xuanjie O1, the Xiaomi 15S Pro, is priced at 5,299 yuan, significantly lower than Huawei's Mate60 Pro, indicating Xiaomi's strategy to penetrate the mid-to-high-end market [8][14] - Xiaomi aims to make top-tier technology accessible to the general public, contrasting with the luxury positioning of competitors [8][14] Product Features - The Xiaomi 15S Pro boasts impressive specifications, including a 2K full-depth micro-curved screen, Leica triple-camera system, and a 6000mAh silicon-carbon battery [8] - The device also features UWB technology for seamless integration with Xiaomi's ecosystem, allowing for automatic unlocking of vehicles [14] Challenges Ahead - Industry experts have noted potential challenges, including limited initial chip production capacity and software compatibility issues, which Xiaomi is actively addressing [12][14] - The company is working on optimizing compatibility for popular games to ensure a smooth user experience [12]

作为相关从业者，小雷其实在去年年底就知道了小米这颗自研芯片的存在，只是当时，这颗芯片"什么时候发布，性能如何，定位如何，名称如何"都是未知 数。 终于，在五月小雷提前拿到了首发搭载小米第二款自研 Soc 玄戒O1 的小米 15S Pro，它是否对得起市场和小米的期望呢？ （图片来源：雷科技摄制） 话不多说，我们直接进入评测环节。 玄戒 O1实力：恐怖如斯 说实话，小雷对玄戒O1并没有抱多大期望，小米5C上的澎湃S1处理器可以说是小米自研路上的一个巨大挫折，以至于包括小雷在内的不少人都认为，小米 的自研芯片一直都是雷声大雨声小。 那么玄戒O1能否彻底改变市场对小米自研芯片的固有印象呢？小雷先给个结论，能，而且绝对远超大家预期。 我们先从玄戒O1的架构说起，其采用了双超大核10核心的架构，核心参数也非常豪华：2颗主频3.9GHz的X925超大核、4颗3.4GHz的A725性能大核、2颗 1.9GHz的A725低频能效大核以及2颗1.8GHz的A520能效小核。 （图片来源：小米） 这种架构方案的优势非常明显，当用户日常使用手机时芯片会以较为平稳的方式输出性能，当需要一些高性能场景时又能准确且快速地释放出足够的性能 ...