Latest news with #XringO1
GSM Arena
18 hours ago
- Business
- GSM Arena
Xiaomi posts record Q1 results on the back of solid growth across smartphones, AIoT and wearables
Xiaomi shared its Q1 2025 financial report, and the numbers show growth across all key divisions within the corporation. Revenues soared to CNY 111.3 billion ($15.4 billion), which represents a 47% year-on-year growth, while net profits grew by over 64% and reached $1.48 billion. Research and development expenses rose by over 30% and now amount to $930 million with Xiaomi's portfolio now boasting over 43,000 patents worldwide. Nearly half of all Xiaomi employees (47.7%) work in the R&D field. The smartphone and AIoT division, which is Xiaomi's big earner, brought in $12.8 billion in revenue - a 22% improvement on the yearly basis. Source: Canalys As of March 2025, Xiaomi has over 718.8 million global monthly active users (MAU) across the smartphone and tablet domains, which represents a 9.2% jump compared to last year. The brand retained its status as a top-3 company in terms of global smartphone shipments for 19 consecutive quarters and led the Chinese market in terms of total shipments. Xiaomi's global and Mainland China smartphone shipments Xiaomi also revealed that as of April, it invested over CNY 13.5 billion ($1.87 billion) in the development of its Xring O1 chipset, which made its debut on the Xiaomi 15S Pro and Pad 7 Ultra. The brand is reporting a growing presence in the flagship smartphone segment in China as it now holds a quarter of the premium device market. Xiaomi is now a top-three brand in the global tablet market with 3.1 million shipments in Q1 and an 8.3% market share. It also led the global wearables market for the January–March period. It is the second leading TWS player on the world stage and number one in China. Xiaomi wearables and TWS shipments rankings Xiaomi also disclosed 943.7 million connected IoT devices (not including smartphones, tablets and laptops) and added over 1000 new offline stores across mainland China. Revenues from the electric vehicle (EV) division grew to $2.5 billion. Xiaomi shipped over 75,000 SU7 series EVs in its home market during Q1 which brings the total SU7 shipments to over 250,000. Source
Yahoo
3 days ago
- Business
- Yahoo
Xiaomi Unveils New Self-Developed Chip, Announces $28B in R&D Investments Over 5 Years
On Thursday, Xiaomi Corporation (OTC:XIACY) founder and CEO, Lei Jun, showcased the company's ambitions to expand its technology portfolio by introducing its self-developed mobile chip, the Xring O1. In a live-streamed event from Beijing, Lei Jun unveiled this chip, which is designed to power a new generation of top-end devices, such as the Tablet 7 Ultra and the Xiaomi 15S Pro smartphone. A woman using a smartphone to access a service provided by the company. This 3nm processor is built on TSMC's second-generation N3E process. Lei Jun stated that the Xring O1 is aimed at matching chips from industry leaders like Apple Inc. (NASDAQ:AAPL) and Qualcomm Inc. (NASDAQ:QCOM). While admitting that the Xring might lag Apple's chipsets in some aspects, such as processor speed, he emphasized that its development is still a significant achievement for Xiaomi's design team. Lei Jun also announced plans to invest 200 billion yuan ($28 billion) in R&D over the next 5 years. The company had previously announced a $7 billion investment to develop and enhance its mobile processors over the next decade. Among other hard-tech initiatives, Xiaomi has touted an in-house LLM dubbed MiMo, which marked the company's first real AI product. While we acknowledge the potential of XIACY to grow, our conviction lies in the belief that some AI stocks hold greater promise for delivering higher returns and have limited downside risk. If you are looking for an AI stock that is more promising than XIACY and that has 100x upside potential, check out our report about the cheapest AI stock. READ NEXT: and . Disclosure: None. This article is originally published at Insider Monkey.
Economic Times
4 days ago
- Automotive
- Economic Times
China's Xiaomi to invest almost $28 billion in core technology R&D over next five years
Synopsis Xiaomi plans to invest 200 billion yuan ($27.8 billion) in core tech R&D over five years, CEO Lei Jun announced in Beijing. The move coincides with the launch of Xiaomi's first electric SUV and its advanced mobile chip, Xring O1, marking a major push into automotive and chip technology.
Yahoo
5 days ago
- Business
- Yahoo
Chinese Giant Xiaomi Announces $6.9 Billion to Develop In-House Chips Amid US-China Trade Tensions
On May 19, Xiaomi (OTC:XIACF) CEO Lei Jun made a Weibo post announcing the company's intention to invest at least 50 billion yuan, around $6.9 billion, in the development of its own chips over the next ten years. This move is part of the Chinese technology giant's plans to expand its home-grown technology, spurred by the ongoing US-China trade war. Pixabay/Public Domain Since the US has revoked access to semiconductors for some Chinese companies, Xiaomi (OTC:XIACF) is doubling down on its efforts. According to a Xiaomi (OTC:XIACF) spokesperson, the investment will start in 2025. CEO Lei Jun also announced that Xiaomi (OTC:XIACF) plans to release its Xring O1 on May 22. Xring O1 is a system-on-chip (SoC) based on a 3-nanometer manufacturing process, one of the most advanced on the market, and will power the company's upcoming smartphone. A SoC is a semiconductor type that helps run devices like smartphones through various components. It can include wireless connectivity, memory, and other parts. For reference, the A18 Pro chips used in Apple's iPhone 16 Pro and Pro Max smartphones follow the same building procedure as Xring O1, bringing attention to its impending release. While we acknowledge the potential of Xiaomi (OTC:XIACF) as an investment, our conviction lies in the belief that some AI stocks hold greater promise for delivering higher returns and have limited downside risk. If you are looking for an AI stock that is more promising than XIACF and that has 100x upside potential, check out our report about the . READ NEXT: and . Disclosure: None.
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Business Standard
5 days ago
- Business Standard
Tech Wrap May 23: WhatsApp Voice Chat, Lava Shark 5G, Anthropic Claude 4
WhatsApp gets Voice Chat feature. Lava Launches Shark 5G. Anthropic Claude 4 AI models. Microsoft announces AI features for Windows 11. OPPO launches A5x 5G. Xiaomi announces Xring O1 chip BS Tech New Delhi Listen to This Article WhatsApp launches 'Voice Chat' feature in groups WhatsApp is broadening access to its Voice Chat functionality to include all group sizes. Previously limited to larger groups, this feature resembles a group call but without triggering individual rings for each member. Instead, it uses an in-chat pop-up to notify users, who can then join the conversation discreetly. The platform has also simplified the process of starting a Voice Chat in groups. Lava has introduced the Shark 5G smartphone in the Indian market. With a price tag of Rs 7,999, the device is equipped with a UNISOC T765 octa-core chipset and features a 6.75-inch HD+ display. It comes with a 5,000mAh battery. According to the company, the Lava Shark 5G will be offered in two colour options – Stellar Gold and Stellar Blue. Anthropic has introduced its new AI models, Claude 4 Sonnet and Claude 4 Opus, which are now accessible on Claude's website and via API. According to the firm's official blog, these models offer substantial enhancements in programming skills, with Claude 4 Opus particularly focused on achieving leading-edge results on multiple AI benchmarks. Microsoft is updating several well-known Windows applications with AI-driven features. In the most recent update for Windows Insiders, tools like Paint, Snipping Tool, and Notepad are receiving intelligent enhancements. According to the company, these changes are meant to encourage user creativity and efficiency. The features are currently being distributed to users in the Canary and Dev Channels for Windows 11. OPPO has introduced the A5x 5G smartphone to the Indian market, priced at Rs 13,999. It comes equipped with a MediaTek Dimensity 6300 processor and a robust 6,000mAh battery. The company also emphasized the phone's durability, highlighting features like an IP65 rating for dust and water resistance, a 360-degree Armour Body with reinforced glass, and military-grade shock protection. Xiaomi is preparing to release its Xiaomi 15S Pro phone and Xiaomi Pad 7 Ultra tablet, both powered by the company's first internally developed chip, the Xring O1. As reported by 9To5Google, this move reflects Xiaomi's strategic shift toward self-sufficiency by decreasing reliance on third-party chip manufacturers such as Qualcomm. HONOR has officially unveiled its HONOR 400 and HONOR 400 Pro smartphones in selected regions. During the global launch event held in Paris, France, the company shared comprehensive specifications for both devices. The HONOR 400 includes the Qualcomm Snapdragon 7 Gen processor, while the Pro version is powered by the Snapdragon 8 Gen 3 chipset. Valve, the company behind Steam and the Steam Deck, has launched a major update to its SteamOS platform. Version 3.7.8 brings a host of improvements not only for Steam Deck users but also for those using other handheld gaming systems like the Lenovo Legion Go and Asus ROG Ally. Amazon is piloting a new AI-driven feature aimed at enriching the online shopping process. The company is rolling out short audio summaries on selected product pages in the U.S. These summaries, created by 'AI-powered shopping experts,' are designed to highlight important product details, interpret customer feedback, and compile insights from various sources across the internet. Google introduced Android 16 at its recent Android Show: I/O Edition, with further details shared during the Google I/O 2025 keynote. The initial release, known as the first Quarterly Platform Release Beta 1 (QPR1), has already been made available to select Pixel devices. Now, focus is shifting to Samsung, which is anticipated to begin its own beta program soon—reportedly starting with the Galaxy S25 series. Activision has shared detailed information on its website about what players can expect in Call of Duty: Black Ops 6 Season 4. According to the announcement, the new season launches on May 29, 2025, bringing fresh content and reintroducing classic elements. New multiplayer maps include Shutdown, Fugitive (6v6), and Blitz Strike. Firstsource Solutions Limited, a global provider of business process solutions and part of the RP-Sanjiv Goenka Group, has announced a collaboration with Sanas. Sanas is known for developing the first real-time speech understanding platform. The partnership aims to transform customer service interactions using advanced AI technologies. Le Wagon, a leading global coding bootcamp, has launched its inaugural campus in Bangalore, marking its entry into the Indian market. With more than 30,000 alumni across over 40 cities worldwide, Le Wagon's bootcamps are designed to equip individuals—including career changers, entrepreneurs, and recent graduates—with the technical skills and hands-on experience needed in today's digital economy. Apple is reportedly developing its first smart glasses, with a possible launch timeline extending to late 2026. Bloomberg reports that Apple's engineering teams are accelerating development to bring the product to market. These smart glasses are expected to challenge Meta's Ray-Ban models and other devices using Google's Android XR platform. HP's OmniBook 5, which runs on the AMD Ryzen AI 7 processor, is priced at Rs 88,999 on the official site, while the AI 5 version is available for Rs 77,999. Offering a large 16-inch 2K touchscreen, the laptop is ideal for users focused on multitasking and productivity. It delivers capable performance for everyday computing needs.
