Xiaomi invests $ 7 billion in developing chips over 10 years

Yevgeny Demkivsky Author of news Mezha.media and GIK. I write about technologies, cinema and games. Perhaps about games with a little more passion.

Xiaomi plans to invest at least 50 billion yuan (approximately $ 7 billion) in the development of chips over the next decade since 2025. About it reports Reuters, talking with the Xiaomi representative.

The founder of Xiaomi Lei Jun reported that the company has already spent 13.5 billion yuan to create a mobile Xingo1 mobile processor. More than 2500 specialists work above the project.

New investments should strengthen Xiaomi positions in the mobile processor market and strengthen control over key technologies against the background of increased competition in smartphones and electric vehicles.