Group 1: Core Insights - Xiaomi's founder Lei Jun emphasized the necessity of chip development for the company to become a hardcore technology firm, describing it as a critical challenge that cannot be avoided [3] - The newly launched Xiaomi玄戒O1 chip features a 3nm process, 19 billion transistors, and a compact size of 109mm², with performance scores exceeding 3 million in laboratory tests [5][8] - Xiaomi has committed to a long-term investment plan of at least 50 billion yuan over ten years for chip development, with a projected R&D investment of over 60 billion yuan in 2025 [8] Group 2: Product Launches - The Xiaomi 15 SPro, the first smartphone equipped with the玄戒O1 chip, is priced starting at 5499 yuan, while the Xiaomi Pad 7 Ultra also features the same chip, starting at 5699 yuan [5][7] - The first SUV model, YU7, was unveiled, featuring three variants with a maximum power of 690ps and a top speed of 253 km/h, along with a leading range of 835 kilometers among mid-to-large SUVs [11] - The YU7 is expected to be priced around 300,000 yuan, with a launch scheduled for July, and will include advanced driving training for owners [13]