Xiaomi to cut foreign reliance with self-made chip by 2025

Xiaomi Corporation plans to create its in-house mobile chip and self-designed mobile processor by 2025.

The Chinese tech giant seeks to cut its reliance on foreign chip suppliers like Qualcomm and MediaTek.

The government encourages reducing dependence on foreign technology due to ongoing geopolitical tensions.

Xiaomi will increase its R&D budget to 30 billion yuan (US$4.1 billion) by 2025.

This budget, up from 24 billion yuan (US$3.3 billion) this year, will focus on AI, operating systems, and chip technology, as stated by their chairman and CEO, Lei Jun.

Recent Xiaomi developments

Timeline
18-Nov-2024 📈 Xiaomi Q3 revenue jumps 30.5%, boosted by electric car sales Xiaomi’s Q3 revenue up 30.5% to 92.5 billion yuan Automotive unit posts 1.5 billion yuan loss, but profits rise
30-Oct-2024 🚗 Xiaomi unveils SU7 Ultra EV to compete with Tesla Xiaomi unveils SU7 Ultra electric vehicle. Launch slated for March 2024, priced at $114,200.
28-Oct-2024 🛍️ Xiaomi to launch online shopping portal for Singapore Xiaomi launches online store in Singapore on Oct 31 15% discount for preregistering from Oct 24 to 30
24-Sep-2024 📱 Xiaomi asks Indian gov’t to withdraw antitrust report Xiaomi requests CCI to withdraw investigation report Claims report includes sensitive commercial data
01-Apr-2024 🚗 Xiaomi jots down 50,000 orders in 30 minutes in maiden EV’s launch

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