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1 month ago
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Source: AFP
Chinese tech elephantine Xiaomi volition put 50 cardinal yuan ($6.9 billion) successful processing high-end smartphone chips, the firm's laminitis said connected Monday.
Xiaomi, which sells goods from smartphones to vacuum cleaners and EVs, is 1 of China's astir salient user electronics firms.
"Chips are the underlying halfway way for Xiaomi to interruption done successful cutting-edge technology, truthful we volition decidedly marque an all-out effort," laminitis Lei Jun said connected societal media, marking the company's 15th twelvemonth since its establishment.
In pursuit of Xiaomi's semiconductor ambitions, the steadfast has developed a program involving "at slightest 10 years of concern and astatine slightest 50 cardinal yuan", helium added.
Xiaomi took archetypal steps into semiconductors for smartphones with the motorboat of the firm's archetypal in-house spot -- the Surge S1 -- successful 2017.
But the radical was forced to halt accumulation of the spot owed to method and fiscal obstacles, and has since refocused connected different components arsenic good arsenic EVs.
"That is not our 'dark history'. That is the way we person travelled," Lei wrote connected Monday.
Xiaomi's spot improvement programme has received 13.5 cardinal yuan successful probe and improvement funds since 2021 for a squad of much than 2,500 employees, said the billionaire entrepreneur.
The announcement comes arsenic some China and the United States question to guarantee entree to the astir precocious components.
"Xiaomi has ever had a 'chip dream'," Lei wrote, adding, "I earnestly petition everyone to springiness america much clip and patience to enactment our continued exploration connected this road."
A fig of Chinese firms are racing to make their ain chips with the purpose of freeing themselves from reliance connected overseas suppliers successful the look of that rivalry.
In 2023, tech elephantine and Xiaomi rival Huawei unveiled a high-performance smartphone equipped with a spot that experts accidental would beryllium intolerable to nutrient without overseas technologies, raising questions astir the effectiveness of US restrictions.
The determination "could perchance pb to the emergence of caller champions susceptible of competing with American companies similar Qualcomm," Pascal Viaud, CEO of the consulting steadfast Ubik, told AFP.
Beijing has besides pushed companies to trim their dependence connected overseas technologies.
Last month, Chinese person Xi Jinping urged them to prosecute "self-reliance" successful the sector.
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Source: AFP
