Xiaomi’s Strategic Move
Chinese tech giant Xiaomi is making a significant commitment to chip design. The company plans to invest at least 50 billion yuan, approximately $6.93 billion, over the next decade. This investment, as shared by founder Lei Jun on Weibo, marks a pivotal step for Xiaomi in enhancing its technological capabilities.
This move is part of Xiaomi’s strategy to strengthen its position in the competitive smartphone and electric vehicle markets. By investing in chip design, Xiaomi aims to reduce its reliance on external suppliers and boost its innovation capacity. The company’s long-term vision reflects its commitment to become a leader in technology.
