小米回应了沸沸扬扬的"玄戒O1是定制芯片"的争议。 Arm CSS全称是计算子系统（Compute Subsystem），最早是在2023年针对Arm Neoverse 基础设施产 品推出的计算子系统 (CSS) ，采用CSS平台研发比普通IP许可研发方式可以节约大量研发时间。 对于定制芯片的相关质疑，小米集团副总裁、玄戒负责人朱丹此前回应称，小米是买的Arm IP软核授 权，"CPU/GPU多核及访存的系统级设计完全由小米自主研发，后端设计也是完全由小米自主研发， 并非是基于Arm CSS软核或硬核方案。" Arm在官网发布公告称，小米的定制芯片玄戒O1由Arm计算平台提供支持，其中部分用词引发网友质 疑，玄戒O1并不是购买Arm的IP来自己研发设计的，而是由Arm基于其CSS 平台为小米定制的，这也 意味着小米称其芯片"自研"是大打折扣。 5月26日，澎湃新闻记者发现，Arm官网重新发布公告，修改此前描述， 确认玄戒O1由小米自主研 发。 Arm表示，小米全新自研芯片采用Arm架构，标志着双方15年合作的里程碑。玄戒O1芯片由小 米旗下玄戒芯片团队打造，采用最新的Armv9.2Cortex CPU集群IP ...

Core Viewpoint - The article highlights Xiaomi's significant advancement in chip development with the launch of its first 3nm flagship processor, "Xuanjie O1," marking it as the first in mainland China and the fourth globally to achieve this milestone, indicating a strategic shift towards self-reliance in high-end chip technology [1][4][6]. Group 1: Chip Development - Xiaomi has invested over 13.5 billion yuan in chip research and development over the past four years, with plans to invest an additional 200 billion yuan in the next five years [1][5][10]. - The "Xuanjie O1" chip integrates 19 billion transistors in a compact area of 109mm², featuring a 10-core CPU and a 16-core GPU, positioning it among the industry's top performers [4][5]. - The introduction of the "Xuanjie O1" chip is expected to reduce Xiaomi's reliance on Qualcomm, enhance AI computing capabilities, and improve cost control in the long term [6][10]. Group 2: Strategic Vision - Xiaomi's strategy includes a comprehensive "human-vehicle-home" ecosystem, with the self-developed chips playing a crucial role in this integration [6][8]. - The company aims to establish itself as a leading hard-tech firm, emphasizing the necessity of chip development as a fundamental challenge to overcome [5][6]. - Xiaomi's long-term goal is to enhance its product differentiation and competitiveness through self-developed chips, which are essential for its high-end market strategy [10]. Group 3: Market Position and Future Outlook - The launch of the "Xuanjie O1" and "Xuanjie T1" chips signifies a new phase in Xiaomi's SoC strategy, with the latter being a 4G smartwatch chip that includes Xiaomi's first 4G baseband [5][6]. - Xiaomi's revenue is projected to grow by over 30% this year, with a significant increase in high-end smartphone sales expected to reach 35% by Q4 2024 [10]. - The company has outlined a clear path for its next decade, focusing on substantial investments in core technologies to become a global leader in hard-tech [9][10].

Core Insights - Xiaomi has successfully developed its first self-researched 3nm chip, named "玄戒O1," becoming the fourth smartphone manufacturer globally to achieve this capability after Apple, Samsung, and Huawei [1][2][3] - The development of the chip is part of Xiaomi's long-term strategy to enter the high-end flagship market and establish itself as a hardcore technology company [2][3] - The company has invested over 135 billion yuan in chip development so far, with plans to invest an additional 200 billion yuan in the next five years [21][22] Development Timeline - Xiaomi's chip development journey began in 2014 with the establishment of the Pinecone company, followed by the launch of the 澎湃S1 chip in 2017 [2] - After facing setbacks, Xiaomi paused its chip development but resumed in 2021 with a focus on high-end SoC chips [2][7] - The "新业务部" (New Business Department) was established to integrate chip development within the company, ensuring better collaboration and communication [7][8] Team Building and Challenges - Initially, the team was small, with only a few hundred members, but it grew to nearly 2,500 by 2023, primarily through internal transfers and external recruitment [9][10] - The company faced challenges in attracting talent due to its previous failures in chip development, but the cooling of the chip startup market in 2022 allowed Xiaomi to recruit experienced professionals [8][9] Technical Achievements - The "玄戒O1" chip features a 10-core architecture and has undergone extensive design and optimization processes, achieving a high clock speed of 3.9GHz [12][14] - The chip's performance has been validated through testing, showing competitive results against other leading chips in the market [15][17] - Xiaomi aims to increase its proprietary IP usage over time, similar to the paths taken by other successful chip manufacturers [12][14] Market Position and Future Outlook - The launch of the "玄戒O1" chip is seen as a critical step for Xiaomi to validate its technology in the market, with the first device featuring the chip, the 小米15S Pro, set to be tested by consumers [17][22] - The company acknowledges the pressure of ensuring sufficient sales volume to cover the high development costs associated with the chip [19][21] - Xiaomi's leadership remains committed to the chip development strategy, emphasizing a long-term vision despite the challenges faced in the industry [21][22]

中国半导体产业正在面临前所未有的复杂局面：既要突破技术壁垒实现内生性创新，又要在逆全球化浪 潮中构建安全可控的产业链。这场攻坚战已不再局限于实验室的晶体管尺寸竞赛，而是演变为国家创新 体系、产业协作网络、人才培养机制的全方位考验。 5月22日晚间，在小米召开"15周年战略新品发布会"上，小米发布了首款自研旗舰手机SoC芯片"玄戒 O1"。中国手机行业已经很久没有出现关于"自研SoC"的消息，此次玄戒O1的出现，毫无意外地在各社 交平台上点燃了自研芯片的话题。 而与此同时，根据新华社消息，美国商务部近日发布指南，以所谓推定违反美出口管制为由，企图在全 球禁用中国先进计算芯片，包括特定的华为昇腾芯片。对此，中国商务部新闻发言人5月21日表示，美 方措施涉嫌构成对中国企业采取的歧视性限制措施。 无论是中国企业在芯片自研上的尝试，还是来自外部封锁的加剧，最终都指向了同一个位置：今天我们 需要重新思考到底如何才能解决芯片难题。 小米发布玄戒O1芯片，说明中国手机厂商并未放弃自研芯片道路。而且，随着外部不确定性的增强， 从自研芯片到自产芯片的征途，必须要有更多中国企业加入进来共同探索。 芯片问题到了今天，早已不是一个单纯 ...

Core Viewpoint - Xiaomi has unveiled its self-developed 3nm mobile SoC chip, Xuanjie O1, marking its entry into the competitive chip market alongside major players like Apple and Qualcomm. The company aims to establish itself in the semiconductor industry despite the challenges and scrutiny it faces as a newcomer [2][3]. Group 1: Chip Development and Technology - The Xuanjie O1 features a "2+4+2+2" ten-core architecture, with the dual super-large cores utilizing ARM's latest X925, which offers a 36% performance increase over the previous generation [3]. - The chip does not integrate a communication module but uses MediaTek's 5G baseband, raising questions about the extent of Xiaomi's self-research capabilities [3][4]. - Xiaomi is the fourth global smartphone manufacturer to develop its own SoC, following Apple, Huawei, and Samsung [2]. Group 2: Industry Context and Competition - The semiconductor industry is characterized by high costs and long development cycles, with Xiaomi committing to invest over 50 billion yuan (approximately $7 billion) over the next decade [6]. - The company faces significant competition, as many predecessors in the chip industry have failed, highlighting the challenges of entering this market [6]. - Xiaomi's previous attempts at chip development, such as the 28nm Pinecone S1, faced issues that led to a shift in strategy towards larger chips [6]. Group 3: Market Strategy and Sales - Xiaomi aims to achieve significant sales volume for the Xuanjie O1, estimating that it needs to sell at least 10 million units within one to two years to remain viable [7]. - The chip is already being used in the newly launched Xiaomi 15S Pro and Xiaomi Pad 7 Ultra, with the company having shipped approximately 168 million smartphones last year, positioning it well for achieving the necessary sales volume [7][8]. - Despite the introduction of its own SoC, Xiaomi will continue to rely on Qualcomm and MediaTek for mid-range and low-end products, indicating a dual-sourcing strategy [8]. Group 4: Financial Performance - As of May 23, Xiaomi's stock closed at 53 HKD, with a market capitalization nearing 1.4 trillion HKD, reflecting investor sentiment amidst its strategic shifts in the semiconductor space [9].

但也恰恰在逆境之中，沧海横流，方显英雄本色。想要平稳度过眼下的舆论危机，唯有靠产品端的推陈出新——向外 界展示更好的产品，和更坚定的技术创新底色。 5年前，在小米创业10周年复盘会上，雷军定下了"技术为本"的铁律，下定决心要在核心技术研发上投入1000亿元， 最终大约投入了1020亿元。 正是5年前的千亿投资，才换来了小米今天的部分成绩：小米手机销量稳居全球前三，小米汽车成为行业爆款。 如今，面对人生中的又一次艰难时刻，在昨晚演讲中，雷军从小米的工具箱中找到了两条应对之路：一是打造更多爆 款车型，小米首款SUV车型YU7正式亮相；二是继续加码高端制造，推出小米首款3nm SoC玄戒O1。 "无论高峰低谷，无论顺境逆境……这就是小米的成长之路。"因为小米SU7产品风波而陷入舆论危机的小米，一如昨 晚雷军演讲PPT上的这句话一样，正处于意料之外的低谷期。 在金山悟出顺势而为创立小米后，伴随着小米SU7的大卖，雷军在过去一年内迎来了罕见的高光时刻：小米市值突破 万亿港元，汽车带动手机、大家电业务突飞猛进，使得雷军在多个场合感慨自己犹如活在梦中。如今，舆论反噬之 下，雷军不得不迎来逆水行舟时刻。 正如雷军在近期内部讲 ...

Core Insights - Xiaomi held its 15th anniversary strategic product launch, introducing several key products including the Xuanjie O1 chip, YU7 electric SUV, and Xiaomi 15S Pro smartphone, with positive outlooks from Goldman Sachs and Deutsche Bank [1][2] Group 1: Product Launch and Technology Development - The Xuanjie O1 chip is Xiaomi's first self-developed 3nm flagship SoC, integrated into the Xiaomi 15S Pro smartphone and Xiaomi Pad 7 Ultra tablet, marking a significant step in the company's technological independence [2][3] - Xiaomi plans to invest 60 billion yuan in self-developed chip technology in 2025 and a total of 200 billion yuan from 2026 to 2030 for R&D, with each SoC generation requiring at least 1 billion USD in development costs [2][3] Group 2: Market Position and Competitive Strategy - The launch of the Xuanjie chip positions Xiaomi as the fourth global company to develop a 3nm SoC, enhancing its technological moat and competitive edge in the long term [3] - The integration of hardware and software through the Xuanjie chip and the Pengpai system aims to provide a superior user experience, drawing parallels to Apple's ecosystem strategy [3] Group 3: YU7 Electric SUV Insights - The YU7 electric SUV is designed to compete directly with high-end electric vehicles like Tesla Model Y, with expectations of delivering 100,000 units in 2025, contributing significantly to Xiaomi's revenue and profit growth [4][6] - The YU7 features superior dimensions, performance, and range compared to competitors, with a maximum speed of 240 km/h and a CLTC range of 835 km, making it a strong contender in the high-end electric SUV market [5][6] Group 4: Analyst Projections and Stock Outlook - Deutsche Bank set a target price of 74 HKD for Xiaomi, indicating a potential upside of 20% from the current price of 53 HKD, while Goldman Sachs maintains a target price of 62 HKD, suggesting a 16.5% upside [1] - Upcoming catalysts for stock price growth include the Q1 earnings report on May 27, Investor Day on June 3, and the 618 shopping festival, which typically contributes significantly to Q2 revenues [1]

Group 1 - Shenzhen's well-known company Senhe Innovation announced its dissolution due to team restructuring, manufacturing difficulties, and funding constraints, leading to the shutdown of all operations [4][5][6] - The Oasa R1, despite its innovative features, has limitations in its LiDAR-Vision Perception technology, making it less competitive compared to domestic alternatives that can cover larger areas [5][6] - Xiaomi launched the YU7, a luxury high-performance SUV, with a focus on safety and advanced technology, aiming to compete directly with Tesla's Model Y [10][11] - High合汽车 has received a $100 million investment from a Lebanese businessman, marking its revival and plans to recall employees, albeit with salary reductions [13][15] - Li Auto has adjusted its annual production target to 640,000 units, down from 700,000, while also implementing cost control measures to ensure profitability [22][23] Group 2 - Ford's CEO praised the rapid R&D pace of Chinese automakers, noting that they can develop new vehicles in half the time compared to traditional manufacturers [28] - Tesla faced a significant drop in sales in Europe, with April sales plummeting 46.2% year-on-year, highlighting challenges in the competitive electric vehicle market [32] - Google announced plans to integrate advertisements into its AI search mode, reflecting a shift in its revenue strategy amid growing consumer skepticism about AI-related advertising [33]

一见Auto . 汽车竞争中的野心、方法论与新秩序。21世纪经济报道旗下汽车报道品牌。 以下文章来源于一见Auto ，作者易思琳 作 者丨易思琳 编 辑丨吴晓宇 图 源丨2 1世纪经济报道 梁远浩 摄 为了加速芯片后续的自研工作，理想开始引入有经验、有战略眼光的高级人才。 《2 1汽车·一见Au t o》从多位信源处获悉， 五一假期之后，理想汽车新入职了一位2 2级的高 管，化名张开元，向CTO谢炎直接汇报。 在公司的组织架构上，该高管目前暂时放在二级部 门"系统运营"下，该部门负责人是龙开文，职级为2 1。 一位知情人士告诉我们， 张开元在某国产芯片大厂工作超过2 0年，在芯片集成、半导体先进 制程封 装 等方 面有着 丰厚的经验 。 " 从小角 色一路 爬上 来，从小 组长到部门负责 人甚 至副总 裁，非常清楚芯片制造过程中会出现什么问题、有哪些坑。" 芯片流程很复杂，需要一个站位高、有丰富量产经验的人来主导，知道芯片的全流程是怎么样 的 、 理 想 还 需 要 补 齐 哪 些 人 才 。 " 2 2 级 的 人 ， 能 在 很 短 的 时 间 内 把 一 支 队 伍 拉 起 来 ， 而 这 件 事，1 ...

Core Viewpoint - The article highlights Xiaomi's strategic transformation from a consumer electronics company to a hard-tech enterprise, marked by the launch of self-developed chips, flagship smartphones, high-end tablets, and smart vehicles at its 15th-anniversary event [1][10]. Group 1: Self-Developed Chips - Xiaomi's self-developed SoC chip "Xuanjie O1" is a significant focus of the event, representing a culmination of its chip development journey since 2014, with a total investment exceeding 13.5 billion RMB and a team of over 2,500 people [2][3]. - The "Xuanjie O1" chip utilizes a second-generation 3nm process with 19 billion transistors, featuring an "1+3+4" octa-core design and achieving impressive performance metrics, including a Geekbench score of 3119 for single-core and 9673 for multi-core [2]. Group 2: High-End Smartphone - The Xiaomi 15S Pro, the first model to feature the "Xuanjie O1" chip, is expected to enhance imaging, cooling, and AI capabilities, with a potential 40% improvement in night photography quality compared to its predecessor [5]. - The device supports 90W fast charging and features a 6.73-inch 2K display, with a camera system that includes a 50MP Leica triple-camera setup [5]. Group 3: High-End Tablet - The Xiaomi Pad 7 Ultra is set to debut with a 14-inch display and 120W fast charging, representing a significant upgrade over the Xiaomi Pad 7 Pro [7]. - It is designed for productivity, supporting multi-window operations and compatibility with various office software, positioning it as a "mobile workstation" in competition with brands like Apple and Huawei [7]. Group 4: Smart Vehicle - The Xiaomi YU7, the company's first SUV, is designed as a mid-to-large pure electric vehicle with a range of up to 820 kilometers and features advanced technology such as a heads-up display and integration with Xiaomi's ecosystem [9][10]. - The vehicle aims to attract consumers seeking smart experiences, although it faces intense competition in the SUV market from established players like Tesla [10]. Group 5: Market Performance - Xiaomi Group's stock has performed exceptionally well in the Hong Kong market, with a year-to-date increase of 57.83%, reflecting strong investor confidence in the company's strategic direction [15].