图：雷军转发： 小米玄戒O1芯片入选《人民日报》的年度记忆 2026年1月7日， 小米颁布2025年度技术大奖， 玄戒O1获一等奖（千万技术大奖），2200MPa小米超强钢获二等奖， 小米智能康镜创 新架构 获三等奖。 分别来看本次获奖的三个产品， 一等奖" 玄戒O1"是 小米自研芯片 ，小米在2025年 5月22日晚间举行的15周年战略新品发布会介绍，玄 戒O1旗舰处理器采用第二代3nm先进工艺制程，190亿晶体管，芯片面积109mm²，实验室跑分突破300万。 雷军表示，小米早在2014年便开始进行芯片研发，于当年9月立项澎湃项目，但此后因种种原因遭遇挫折，其暂停了SoC大芯片的研发 ， 决定转向"小芯片"路线。 雷军还表示，小米的芯片对标苹果。 雷军称，玄戒O1 GPU功耗比苹果降低35%，支持动态性能调度技术，例如可根据手机的需要决定是 全核全速运行或是小规模运行。彼时，小米发布的 小米15S Pro、小米平板7 Ultra、小米手表S4全部搭载小米自主研发设计的玄戒芯片。 二等奖" 2200MPa小米超强钢 "则是 由东北大学王国栋院士团队、育材堂与小米集团联合攻关研制。据新华社报道，小米曾在发布会 ...

每经记者｜李少婷 每经编辑｜许绍航 2026年1月7日，小米颁布2025年度技术大奖，玄戒O1获一等奖（千万技术大奖），2200MPa小米超强钢获二等奖，小米智能康镜创新架构获三等奖。 分别来看本次获奖的三个产品，一等奖"玄戒O1"是小米自研芯片，小米在2025年5月22日晚间举行的15周年战略新品发布会介绍，玄戒O1旗舰处理器采用 第二代3nm先进工艺制程，190亿晶体管，芯片面积109mm²，实验室跑分突破300万。 图：雷军转发：小米玄戒O1芯片入选《人民日报》的年度记忆 图：每经记者 李少婷摄 雷军表示，小米早在2014年便开始进行芯片研发，于当年9月立项澎湃项目，但此后因种种原因遭遇挫折，其暂停了SoC大芯片的研发，决定转向"小芯 片"路线。 记者|李少婷 他当时透露，公司决定重启大芯片业务，即研发手机SoC芯片是在2021年做出的决策。根据雷军披露的数字，截至2025年4月底，玄戒累计研发投入已超 135亿元。 雷军还表示，小米的芯片对标苹果。雷军称，玄戒O1 GPU功耗比苹果降低35%，支持动态性能调度技术，例如可根据手机的需要决定是全核全速运行或 是小规模运行。彼时，小米发布的小米15S Pr ...

更令人脊背发凉的是，这位靠着中国土壤发家的企业家，对着镜头郑重宣称："自1962年入籍美国，我始终是美国 人，别无其他身份！" "如果我们想扼杀他们，中国真的无能为力。"台积电创始人张忠谋在《纽约时报》的专访言论，再次将自己推上舆 论风口。 这番忘恩负义的言论，彻底撕下了他的伪装。讽刺的是，他赖以立足的台积电，从头到脚都刻着中国基因。 1987年台积电刚成立时，不过是个前途未卜的初创公司，根本算不上"天之骄子"。真正让它逆袭成全球巨头，完全 是靠着中国大陆这个"金主"的"强力输血"。 不仅如此，专访中，他还为美国限制大陆芯片的政策站台，断言大陆永无登顶半导体产业的可能。 中美芯片博弈前，大陆每年采购的台积电芯片占其总营收三成以上，华为等企业的大额订单，更是让台积电赚得盆 满钵满，不仅积累起扩张资本，更是攀上了美国这艘大船。 可张忠谋转头就忘了这份恩情，抱着美国大腿配合芯片断供，沦为遏制中国科技的工具。 2020年起，在美国《出口管制条例》的高压下，台积电率先停供华为7纳米及以上先进芯片，这一"釜底抽薪"直接 导致华为高端手机业务陷入停滞。 更过分的是，为换取美国《芯片与科学法案》补贴，台积电斥400亿美元在美 ...

Core Insights - The article discusses the performance and market position of Xiaomi smartphones based on 10 research reports from Counterpoint Research, highlighting growth in various regions and segments [4]. Group 1: Global Smartphone Market Performance - In Q3 2025, global smartphone shipments increased by 4% year-on-year, with Samsung and Apple leading the market. Xiaomi held a 14% share, showing a 2% year-on-year growth, particularly strong in Southeast Asia, the Middle East, and Latin America [5]. - The high-end smartphone market (>$600) saw an 8% year-on-year growth in H1 2025, with Xiaomi's high-end smartphone sales increasing by 55% year-on-year, mainly driven by the Chinese market [9]. Group 2: Regional Market Insights - In Indonesia, Xiaomi maintained a 21% market share in Q2 2025, benefiting from offline channel expansion and a diverse product lineup, despite a 7% decline in overall smartphone shipments [11]. - In Vietnam, Xiaomi launched the 5G-enabled Redmi Note 14, contributing to the 50% market share of 5G smartphones in Q2 2025 [13]. - In Latin America, Xiaomi achieved double-digit year-on-year growth in Q2 2025, solidifying its position in markets like Chile and Colombia, despite challenges in Brazil [17]. Group 3: Xiaomi's Strategic Developments - Xiaomi's Q2 2025 smartphone revenue decreased by 2% year-on-year, with a revised annual shipment target of approximately 175 million units, reflecting a 5%-6% growth expectation, which is significantly higher than the industry average [35]. - The company reported a 30.5% year-on-year revenue growth in Q2 2025, with substantial growth in its automotive and consumer electronics segments, showcasing its successful diversification strategy [40]. - Xiaomi's market share in China reached 15.7% in Q2 2025, with the brand maintaining growth through competitive pricing and promotions, despite a 2% decline in overall smartphone shipments in the country [28].

Core Viewpoint - Xiaomi has undergone significant transformations over the past five years, focusing on technology, organizational management, user perception, and ecological strategies, aiming to build a new corporate framework through chips, car manufacturing, and product capabilities. The emphasis is on continuous effort and growth as a means to achieve change and hope [2]. Group 1 - Key Point 1: Xiaomi's journey began with a review of its ten-year history, leading to a strategic shift towards a "technology-based" approach [3][4]. - Key Point 2: The company has restarted its self-research chip project, "Xuanjie," after previous attempts faced challenges, with the first successful chip, "Xuanjie O1," set to launch in May 2024 [7][8][6]. Group 2 - Key Point 3: Xiaomi has introduced three car models targeting different market segments, emphasizing differentiation and performance, with the SU7 Ultra aiming to compete with luxury brands like Porsche and Tesla [9][10]. - Key Point 4: The high-end product line, including the Xiaomi 17 series, reflects a commitment to compete with top-tier brands, integrating advanced technology and a comprehensive ecosystem covering "people, cars, and homes" [11][12][13]. Group 3 - Key Point 5: Xiaomi is implementing customized services for its vehicles, offering personalized options similar to luxury brands, while maintaining a competitive pricing strategy [14][15].

Group 1 - Core viewpoint: Xiaomi's founder Lei Jun emphasized the theme of "change" during the sixth annual speech, highlighting the company's transformation over the past five years in various aspects, including technology, management, user perception, and brand strategy [2] Group 2 - Key Point 1: Xiaomi's management initiated a comprehensive review to address internal challenges and external competition, leading to a strategic shift towards being a "technology-driven" company with a commitment to invest 100 billion yuan in core technologies over the next five years [3][4] - Key Point 2: The company restarted its chip development project "Xuanjie," successfully launching the "Xuanjie O1" chip, which is China's first 3nm flagship SoC, marking a significant achievement in overcoming previous failures and enhancing organizational capabilities [5][6] - Key Point 3: Xiaomi's entry into the automotive market includes three models targeting different segments, with the SU7 Ultra aiming for high performance comparable to Porsche and Tesla, while the YU7 focuses on a differentiated approach in the SUV market, achieving significant market response [6][7] - Key Point 4: Xiaomi's high-end product strategy is evident in the launch of the Xiaomi 17 series, which features advanced specifications and a comprehensive ecosystem that includes smartphones, tablets, TVs, and smart home devices, reinforcing its position against competitors like Apple [8][9] - Key Point 5: The company introduced a customized service system for its vehicles, allowing for personalized options similar to luxury brands, while maintaining a competitive pricing strategy [10]

Core Viewpoint - The article highlights the significant advancements in the semiconductor industry, particularly focusing on Xiaomi's high-end smartphone, the Xiaomi 15S Pro, which is set to launch in May 2025, featuring a 3nm processor designed in China, amidst the backdrop of US-China tensions and the growing investment in general artificial intelligence (AGI) [2][3]. Group 1: Xiaomi's Product Launch - Xiaomi is celebrating its 15th anniversary in 2025 by launching several commemorative models, including the Xiaomi 15S Pro, which will be released six months after the flagship Xiaomi 15 series [3]. - The Xiaomi 15 series is expected to feature Qualcomm's self-developed 3nm Snapdragon 8 Elite processor, while the Xiaomi 15S Pro will utilize Xiaomi's own 3nm chip [3][13]. Group 2: Technical Specifications - The Xiaomi 15S Pro features a dual-layer internal circuit board divided into three sections: processor board, communication board, and terminal/IMU board, with a triple-camera setup, each with a 50MP CMOS image sensor from different manufacturers [5]. - The device integrates both imported and self-developed chips, particularly in camera, power, and battery systems, showcasing Xiaomi's rapid development in these areas [8][10]. Group 3: Chip Development - Xiaomi's XRING O1 processor, manufactured using 3nm technology, includes a 10-core CPU, 16-core GPU, 6-core NPU, and 3-core ISP, indicating a competitive edge over Qualcomm and MediaTek [17]. - The article notes that Xiaomi has been investing in semiconductor research and development for nearly a decade, evolving from entry-level processors to high-end solutions [21]. Group 4: Market Position and Future Outlook - As a major consumer of advanced chips, China is increasingly recognized in the semiconductor landscape, with Xiaomi's development of its own chips positioning it favorably in the market [2]. - Xiaomi's strategic move to develop proprietary chips is seen as a preparation for potential expansion into robotics and automotive sectors, indicating a long-term vision beyond the smartphone market [17].

Core Viewpoint - Xiaomi has demonstrated remarkable growth in the second quarter, achieving record highs in revenue and adjusted net profit despite a challenging smartphone market, indicating a significant transformation in the company's business model and strategy [1][2][4]. Financial Performance - In Q2, Xiaomi's total revenue reached 1160 billion, a year-on-year increase of 30.5%, while net profit was 119 billion, up 134.2%. Adjusted net profit was 108 billion, reflecting a 75.4% increase [5]. - Xiaomi has achieved three consecutive quarters of revenue exceeding 100 billion and five consecutive quarters of revenue growth over 30% [5][9]. Strategic Initiatives - The "Human-Vehicle-Home Ecosystem" strategy has enhanced Xiaomi's resilience and internal growth momentum, contributing to its strong financial performance [5][9]. - Xiaomi's smartphone business has solidified its position in the high-end market, with a 27.6% share of high-end smartphone sales in mainland China, an increase of 5.5 percentage points year-on-year [5][6]. Product Performance - The IoT and consumer products segment saw a 44.7% year-on-year revenue growth, driven by smart home appliances, with air conditioning sales exceeding 5.4 million units, a growth of over 60% [6][11]. - The automotive sector reported a staggering 230.3% year-on-year increase in revenue, reaching 206 billion, with a gross margin of 26.4%, surpassing leading brands like Tesla [6][9]. Future Outlook - Xiaomi aims to enter the "2 million club" within three to five years, positioning itself alongside Apple and Samsung [6]. - The company plans to invest 300 billion in R&D this year, with a total of 1020 billion invested over the past five years, focusing on core technologies [11][13]. - Xiaomi is preparing to expand its automotive business into overseas markets, with a target to enter Europe by 2027 [15]. Market Perception - Analysts view Xiaomi's explosive growth in the electric vehicle sector as a potential catalyst for stock price increases, with Morgan Stanley maintaining an "overweight" rating and a target price of 62 HKD, indicating significant upside potential [15].

Core Viewpoint - Xiaomi Group reported record high core indicators in Q2, with revenue reaching 116 billion yuan, a year-on-year increase of 30.5%, and adjusted net profit of 10.8 billion yuan, up 75.4% year-on-year [1] Group 1: Financial Performance - Revenue for Q2 was 116 billion yuan, marking a 30.5% year-on-year growth, continuing a trend of exceeding 100 billion yuan for three consecutive quarters [1] - Adjusted net profit reached 10.8 billion yuan, a significant increase of 75.4% year-on-year, with two consecutive quarters surpassing 10 billion yuan [1] Group 2: Automotive and AI Innovations - Revenue from the smart electric vehicle and AI innovation segment exceeded 20 billion yuan, indicating a shift towards scalable growth [2] - In Q2, Xiaomi delivered 81,302 vehicles, with total deliveries surpassing 300,000 by July 10, and over 15.7 million vehicles delivered in the first half of the year [2] - The operating loss for the automotive business narrowed significantly to 300 million yuan, with expectations of profitability in the second half of the year [2] Group 3: Smartphone and IoT Performance - Xiaomi's smartphone revenue reached 45.5 billion yuan, with a continuous positive growth in shipments for eight consecutive quarters, maintaining a top-three global position for 20 quarters [2][3] - IoT and lifestyle product revenue hit 38.7 billion yuan, a year-on-year increase of 44.7%, with smart home appliances seeing a 66.2% increase [2][4] - Internet service revenue grew to 9.1 billion yuan, reflecting a 10.1% year-on-year increase [2] Group 4: Market Position and User Engagement - Despite a challenging global smartphone market, Xiaomi achieved a market share of 16.8% in China, ranking first domestically with 11.5 million new device activations in Q2 [3] - Xiaomi's global monthly active users reached 731 million, with 185 million in mainland China, and the number of connected IoT devices reached 989 million [5] Group 5: High-End Strategy and R&D Investment - Xiaomi's high-end smartphone market share increased to 27.6%, with significant growth in the 4,000-5,000 yuan and 5,000-6,000 yuan price segments [6] - R&D investment reached 7.8 billion yuan in Q2, a 41.2% year-on-year increase, with an expected total investment of 30 billion yuan for the year [7] - The launch of the self-developed 3nm flagship chip and AI glasses indicates Xiaomi's commitment to innovation and technology advancement [7]

Core Insights - Xiaomi Group reported record high core indicators in Q2, with revenue reaching 116 billion yuan, a year-on-year increase of 30.5%, marking the third consecutive quarter of exceeding 100 billion yuan [1] - Adjusted net profit for the quarter was 10.8 billion yuan, a significant year-on-year increase of 75.4%, continuing the trend of surpassing 10 billion yuan for two consecutive quarters [1] Revenue Breakdown - Revenue from the smart electric vehicle and AI innovation business exceeded 20 billion yuan, indicating a shift towards scalable growth [2] - Xiaomi's automotive deliveries reached 81,302 units in Q2, with cumulative deliveries surpassing 300,000 units by July 10, and a monthly delivery of over 30,000 units for the first time in July [2] - The smartphone and AIoT segment generated revenue of 94.7 billion yuan, a year-on-year increase of 14.8%, with smartphone revenue at 45.5 billion yuan and IoT and consumer products revenue at 38.7 billion yuan, up 44.7% [2] Market Position - Despite a challenging global smartphone market, Xiaomi's smartphone business achieved growth, with 11.5 million new device activations in Q2, maintaining a 16.8% market share in China, ranking first domestically [3] - Internationally, Xiaomi's smartphone shipments have seen year-on-year growth for eight consecutive quarters, ranking in the top three in 60 countries and regions [3] IoT and Home Appliances - The IoT and consumer products segment continued to grow, with smart home appliance revenue increasing by 66.2% [4] - In Q2, Xiaomi's air conditioning product shipments exceeded 5.4 million units, with a growth rate of over 60%, while refrigerator and washing machine shipments also saw significant increases [4] Strategic Developments - Xiaomi's internet service revenue grew steadily, with global monthly active users reaching 731 million and IoT devices connected to the AIoT platform reaching 989 million [5] - The company is focusing on high-end market positioning, with high-end smartphone sales accounting for 27.6% of total sales in China, a year-on-year increase of 5.5 percentage points [5] - The launch of the YU7 SUV, priced from 253,500 yuan, saw significant initial demand, with over 240,000 orders within 18 hours [5] R&D and Innovation - Xiaomi's R&D investment reached 7.8 billion yuan in Q2, a year-on-year increase of 41.2%, with an expected total investment of 30 billion yuan for the year [6] - The company launched its self-developed 3nm flagship chip, becoming the first in mainland China to do so, with new high-end devices featuring this chip released in Q2 [7] - The launch of AI glasses exceeded expectations, with a high approval rating on e-commerce platforms and ongoing efforts to ramp up production [7]