Core Insights - Xiaomi is set to hold a strategic new product launch event on May 22, featuring multiple significant products including the Xiaomi SoC chip "Xiaomi玄戒O1," Xiaomi 15S Pro, Xiaomi Pad 7 Ultra, and the first SUV "Xiaomi YU7" [1][9] - The Xiaomi玄戒O1 chip utilizes second-generation 3nm process technology, aiming to rank among the top-tier flagship experiences [3][11] Group 1: Chip Development Strategy - In early 2021, Xiaomi made a major decision to enter the automotive sector and restart its "big chip" business, focusing on the development of mobile SoC [4][7] - Xiaomi has a long-standing ambition in chip development, recognizing that achieving greatness as a hardcore technology company requires overcoming the challenges of chip production [4][8] - The company has set high goals for the Xiaomi玄戒 project, including the latest process technology, flagship-level transistor scale, and top-tier performance and efficiency [4][8] Group 2: Investment and R&D Progress - Xiaomi has committed to a long-term investment plan of at least 500 billion RMB over ten years for chip development, with a focus on steady progress [4][8] - As of April this year, the cumulative R&D investment in the Xiaomi玄戒 project has exceeded 135 billion RMB, with a projected R&D expenditure of over 60 billion RMB for this year [8][11] - The R&D team for the Xiaomi玄戒 project has grown to over 2,500 members, positioning Xiaomi among the top three in the domestic semiconductor design sector in terms of both investment and team size [8][11]