Chinese technology giant Xiaomi is slated to introduce a 3-nanometer mobile chip this week and plans to invest around $7 billion in chip design over a decade, its founder said.
\nThe moves by the Beijing-based company, best known for its smartphones and home appliances, come as China is ramping up efforts to achieve self-sufficiency in the semiconductor industry amid U.S. trade tensions.
\nFounder and Chief Executive Lei Jun disclosed the investment amount in a post on Chinese social-media platform Weibo on Monday. A Xiaomi spokesperson said the timeframe for the 50 billion yuan investment, equivalent to $6.94 billion, begins from 2025.
\nBesides the Xring O1 mobile chip launch, the company is also set to unveil its first electric sport-utility vehicle, the YU7, and the new Xiaomi 15S Pro smartphone on Thursday.
\nLei said the company had invested 13.5 billion yuan to develop its advanced mobile chip.
\nIn a separate Weibo post, state media CCTV said Xiaomi\u2019s 3-nanometer chip marks a breakthrough in Chinese chip design and keeps up with international technological advances.
\nThe 3-nanometer chip could give Xiaomi a competitive advantage in China over Huawei Technologies, which has been struggling to develop more advanced chips due to U.S. sanctions.
\nXiaomi\u2019s Hong Kong-listed stock rose 2.65% on Monday, taking its gain this year to more than 50%.<\/p>\n","protected":false},"excerpt":{"rendered":"
Chinese technology giant Xiaomi is slated to introduce a 3-nanometer mobile chip this week and plans to invest around $7 billion in chip design over a decade, its founder said. The moves by the Beijing-based company, best known for its smartphones and home appliances, come as China is ramping up efforts to achieve self-sufficiency in […]<\/p>\n","protected":false},"author":2,"featured_media":135952,"comment_status":"open","ping_status":"closed","sticky":false,"template":"","format":"standard","meta":{"footnotes":""},"categories":[10918],"tags":[],"acf":[],"_links":{"self":[{"href":"https:\/\/zamanturkmenistan.com.tm\/index.php?rest_route=\/wp\/v2\/posts\/135951"}],"collection":[{"href":"https:\/\/zamanturkmenistan.com.tm\/index.php?rest_route=\/wp\/v2\/posts"}],"about":[{"href":"https:\/\/zamanturkmenistan.com.tm\/index.php?rest_route=\/wp\/v2\/types\/post"}],"author":[{"embeddable":true,"href":"https:\/\/zamanturkmenistan.com.tm\/index.php?rest_route=\/wp\/v2\/users\/2"}],"replies":[{"embeddable":true,"href":"https:\/\/zamanturkmenistan.com.tm\/index.php?rest_route=%2Fwp%2Fv2%2Fcomments&post=135951"}],"version-history":[{"count":1,"href":"https:\/\/zamanturkmenistan.com.tm\/index.php?rest_route=\/wp\/v2\/posts\/135951\/revisions"}],"predecessor-version":[{"id":135953,"href":"https:\/\/zamanturkmenistan.com.tm\/index.php?rest_route=\/wp\/v2\/posts\/135951\/revisions\/135953"}],"wp:featuredmedia":[{"embeddable":true,"href":"https:\/\/zamanturkmenistan.com.tm\/index.php?rest_route=\/wp\/v2\/media\/135952"}],"wp:attachment":[{"href":"https:\/\/zamanturkmenistan.com.tm\/index.php?rest_route=%2Fwp%2Fv2%2Fmedia&parent=135951"}],"wp:term":[{"taxonomy":"category","embeddable":true,"href":"https:\/\/zamanturkmenistan.com.tm\/index.php?rest_route=%2Fwp%2Fv2%2Fcategories&post=135951"},{"taxonomy":"post_tag","embeddable":true,"href":"https:\/\/zamanturkmenistan.com.tm\/index.php?rest_route=%2Fwp%2Fv2%2Ftags&post=135951"}],"curies":[{"name":"wp","href":"https:\/\/api.w.org\/{rel}","templated":true}]}}