Core Insights - Xiaomi has officially announced a new long-term partnership with Qualcomm, ensuring continued collaboration on flagship smartphones and the use of Snapdragon platforms for multiple product generations [2][3] - The announcement coincides with the launch of Xiaomi's self-developed SoC, the Xuanjie O1, which marks a significant step in the company's dual-chip strategy, combining self-developed and third-party SoCs [3][4] Partnership with Qualcomm - Xiaomi and Qualcomm have renewed their partnership for another multi-year agreement after 15 years of collaboration, with expectations for increasing shipment volumes during the agreement period [2] - Xiaomi will be among the first manufacturers to adopt Qualcomm's next-generation Snapdragon 8 series flagship mobile platform, set to be unveiled at the Snapdragon Summit in late 2025 [2] Development of Self-Developed Chips - Xiaomi's journey in self-developed chips began in October 2014, leading to the release of the first self-developed SoC, the Surge S1, in 2017, which faced challenges due to outdated technology [4] - The company has since shifted focus to peripheral chips, such as imaging and charging solutions, while recently achieving significant advancements in self-developed SoC technology, including a successful 3nm chip [4][5] Performance of Xuanjie O1 - The Xuanjie O1 SoC features a 10-core architecture and has demonstrated competitive performance metrics, with single-core scores ranging from 2709 to 3119, surpassing Snapdragon 8 Gen3 [5] - The chip is expected to debut in the Xiaomi 15S Pro special edition, with an initial production scale of 2 to 3 million units aimed at domestic and Southeast Asian markets [6] Future Investment Plans - Xiaomi has committed to a long-term investment strategy in chip development, planning to invest at least 50 billion yuan over the next decade, with cumulative R&D spending on the Xuanjie series exceeding 13.5 billion yuan as of April 2023 [6]