Xiaomi to Pour $6.9 Billion into Semiconductor Chip Production Over the Next 10 Years

Xiaomi to Pour $6.9 Billion into Semiconductor Chip Production Over the Next 10 Years

Chinese smartphone giant Xiaomi has announced its plans to invest at least $6.9 billion over the next decade to develop its own semiconductor chips, making a decisive push towards autonomy. Xiaomi CEO Lei Jun revealed the ambitious plan on the Chinese social media platform Weibo, acknowledging the challenging road ahead while emphasizing its strategic importance.

Abhishek

[original story: Circuit Digest]

Circuit Digest 20 May 07:11