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Time of India
22-05-2025
- Business
- Time of India
Xiaomi founder touts new Chinese chip to rival Apple silicon
Xiaomi Corp.'s billionaire founder outlined plans Thursday to outfit its top-end devices with advanced homegrown mobile processors , showcasing the company's ambitions to expand its tech portfolio and compete with American heavyweights. Lei Jun , who shot to fame with bold plans to unseat Apple Inc. in China, gave online viewers a sneak peek at its Xring O1 chip , which he said would power three devices including the Xiaomi Tablet 7 Ultra , another product launched at the same event, livestreamed from Beijing. At 3nm, that processor is aimed at matching Apple and Qualcomm Inc. chips. 'We also want to become one of the top chipmakers, with our phones targeting iPhones, can our chips also be compared against those of Apple's?' he said. Play Video Pause Skip Backward Skip Forward Unmute Current Time 0:00 / Duration 0:00 Loaded : 0% 0:00 Stream Type LIVE Seek to live, currently behind live LIVE Remaining Time - 0:00 1x Playback Rate Chapters Chapters Descriptions descriptions off , selected Captions captions settings , opens captions settings dialog captions off , selected Audio Track default , selected Picture-in-Picture Fullscreen This is a modal window. Beginning of dialog window. Escape will cancel and close the window. Text Color White Black Red Green Blue Yellow Magenta Cyan Opacity Opaque Semi-Transparent Text Background Color Black White Red Green Blue Yellow Magenta Cyan Opacity Opaque Semi-Transparent Transparent Caption Area Background Color Black White Red Green Blue Yellow Magenta Cyan Opacity Transparent Semi-Transparent Opaque Font Size 50% 75% 100% 125% 150% 175% 200% 300% 400% Text Edge Style None Raised Depressed Uniform Drop shadow Font Family Proportional Sans-Serif Monospace Sans-Serif Proportional Serif Monospace Serif Casual Script Small Caps Reset restore all settings to the default values Done Close Modal Dialog End of dialog window. by Taboola by Taboola Sponsored Links Sponsored Links Promoted Links Promoted Links You May Like Moose Approaches Girl At Bus Stop In Sankt-peterburg - Watch What Happens Happy in Shape Undo Lei admitted the Xring lags Apple's own chipset in some respects such as processor speed—but stressed it was an achievement for their fledgling design team. The entrepreneur, who often personally hosts product launches, is expected to trot out Xiaomi's first electric sport utility vehicle—the YU7—at the same event. Live Events Xiaomi is keen to push deeper into tech arenas beyond the affordable smartphones and appliances it's best known for. Lei announced plans at the Thursday event to invest 200 billion yuan ($27.8 billion) in research and development over the next five years. It wants to move past a fatal March accident involving one of its signature SU7 sedans that sent orders plunging the following month. Discover the stories of your interest Blockchain 5 Stories Cyber-safety 7 Stories Fintech 9 Stories E-comm 9 Stories ML 8 Stories Edtech 6 Stories Xiaomi had raised its 2025 delivery target for electric vehicles to 350,000 units days before that incident, which prompted scrutiny over Xiaomi's self-driving advertising claims. It stoked concerns that the YU7 would be delayed. Bloomberg Lei's most important project is EVs — a $10 billion attempt to take on Tesla Inc. and BYD Co. that the founder has called his final endeavour as an entrepreneur. Bloomberg The market for SUV was more intense than that for sedans, Lei wrote in a social media post, but he believed that the YU7 has its own unique qualities. It won't officially hit the market until at least July, with no pricing released at the Thursday event. Xiaomi won't take pre-orders for the vehicle yet, Lei wrote in a separate post. The company has also announced a $7 billion investment to develop and enhance its own mobile processor over the next decade. Xiaomi's goals mirror Huawei Technologies Co.'s breakthrough a few years ago, which spooked Washington and raised concerns about Chinese advances in strategic technologies such as AI and chips. Among the hard-tech initiatives it's touted since the March incident was an in-house large language model dubbed the MiMo. Executives have reportedly talked about investing in AI in the past, though MiMo is the first real product to emerge. Its foray marks the second big project in as many years for a company best-known for making affordable smartphones and appliances from robot vacuums to rice cookers.
Yahoo
22-05-2025
- Automotive
- Yahoo
Xiaomi Billionaire Touts New Chinese Chip in Tech Showcase
(Bloomberg) -- Xiaomi Corp.'s billionaire founder outlined plans Thursday to outfit its top-end devices with advanced homegrown mobile processors, showcasing the company's ambitions to expand its tech portfolio and compete with American heavyweights. Can Frank Gehry's 'Grand LA' Make Downtown Feel Like a Neighborhood? Chicago's O'Hare Airport Seeks Up to $4.3 Billion of Muni Debt NJ Transit Makes Deal With Engineers, Ending Three-Day Strike Lei Jun, who shot to fame with bold plans to unseat Apple Inc. in China, gave online viewers a sneak peek at its Xring O1 chip, which he said would power three devices including the Xiaomi Tablet 7 Ultra, another product launched at the same event, livestreamed from Beijing. At 3nm, that processor is aimed at matching Apple and Qualcomm Inc. chips. 'We also want to become one of the top chipmakers, with our phones targeting iPhones, can our chips also be compared against those of Apple's?' he said. Lei admitted the Xring lags Apple's own chipset in some respects such as processor speed — but stressed it was an achievement for their fledgling design team. The entrepreneur, who often personally hosts product launches, is expected to trot out Xiaomi's first electric sport utility vehicle — the YU7 — at the same event. Xiaomi is keen to push deeper into tech arenas beyond the affordable smartphones and appliances it's best known for. Lei announced plans at the Thursday event to invest 200 billion yuan ($27.8 billion) in research and development over the next five years. It wants to move past a fatal March accident involving one of its signature SU7 sedans that sent orders plunging the following month. Xiaomi had raised its 2025 delivery target for electric vehicles to 350,000 units days before that incident, which prompted scrutiny over Xiaomi's self-driving advertising claims. It stoked concerns that the YU7 would be delayed. Lei's most important project is EVs — a $10 billion attempt to take on Tesla Inc. and BYD Co. that the founder has called his final endeavor as an entrepreneur. The market for SUV was more intense than that for sedans, Lei wrote in a social media post, but he believed that the YU7 has its own unique qualities. It won't officially hit the market until at least July, with no pricing released at the Thursday event. Xiaomi won't take pre-orders for the vehicle yet, Lei wrote in a separate post. The company has also announced a $7 billion investment to develop and enhance its own mobile processor over the next decade. Xiaomi's goals mirror Huawei Technologies Co.'s breakthrough a few years ago, which spooked Washington and raised concerns about Chinese advances in strategic technologies such as AI and chips. Among the hard-tech initiatives it's touted since the March incident was an in-house large language model dubbed the MiMo. Executives have reportedly talked about investing in AI in the past, though MiMo is the first real product to emerge. Its foray marks the second big project in as many years for a company best-known for making affordable smartphones and appliances from robot vacuums to rice cookers. Why Apple Still Hasn't Cracked AI Inside the First Stargate AI Data Center Anthropic Is Trying to Win the AI Race Without Losing Its Soul Microsoft's CEO on How AI Will Remake Every Company, Including His Cartoon Network's Last Gasp ©2025 Bloomberg L.P. Error in retrieving data Sign in to access your portfolio Error in retrieving data Error in retrieving data Error in retrieving data Error in retrieving data
