Latest news with #chipdevelopment
South China Morning Post
12 hours ago
- Business
- South China Morning Post
Chinese router maker TP-Link cuts staff at Shanghai chip unit, retains Shenzhen facility
TP-Link, China's leading Wi-fi router manufacturer, has laid off most employees at a chip development unit in Shanghai amid setbacks, according to people familiar with the matter and local media reports. Lianzhou International, known globally as TP-Link Systems and the overseas arm of the router maker, cut the majority of workers at its Shanghai-based chip unit last week, according to two people with knowledge of the situation, who declined to be named because they are not authorised to speak to news media. The lay-offs, first reported by Chinese media on Saturday, primarily affected employees working on the front-end module of Wi-fi chipsets, spanning roles such as algorithms and verification, according to the reports. The total number of affected employees remains unclear. TP-Link did not immediately respond to a request for comment on Monday. One source said the cuts followed difficulties in chip development, with one product failing to pass final testing. TP-Link's booth at Mobile World Congress in Barcelona, Spain, on March 3. Photo: Shutterstock The move signals a downsizing of TP-Link's overseas business, which comes months after the US government reportedly launched a national security probe into the company in December.
Al Bawaba
19-05-2025
- Business
- Al Bawaba
Xiaomi to invest $7B in building its own chip
Published May 19th, 2025 - 09:23 GMT ALBAWABA – Xiaomi, the Chinese multinational technology company, plans to invest $7 billion (50 billion yuan) over the next 10 years to develop its own chip. Also Read Xiaomi's new EVs hit the market at $73K Xiaomi to develop its own chip The company announced plans to develop its own mobile processor chip over the next 10 years. Notably, Xiaomi is expected to unveil its new processor next week, valued at $1.89 billion (13.5 billion yuan) and featuring advanced 3-nanometer technology. According to experts, the company is investing nearly $7 billion (50 billion yuan) over the next 10 years to develop its own chip, aiming to surpass the US in cutting-edge technology and grow its semiconductor clout. Xiaomi is investing nearly $7 billion (50 billion yuan) over the next 10 years to develop its own chip, aiming to surpass the US in cutting-edge technology and grow its semiconductor clout. (Shutterstock) Lei Jun, CEO of Xiaomi, stated: 'Chips are a peak we need to climb and a hard battle we cannot escape if we want to become a great hard tech company.'According to Jun, the company decided to build its own chip back in 2021. Xiaomi has invested approximately $1.89 billion (13.5 billion yuan) over the past four and a half years and plans to invest an additional $840 million (6 billion yuan) in research and development this year. It is worth noting that Xiaomi has collaborated with Qualcomm, the American multinational corporation, and MediaTek, a Taiwanese fabless semiconductor company, in the development of its mobile processors. The company now plans to invest in creating its own chips to compete with Apple and other major players. Also Read Apple says AI will replace iPhones within 10 years © 2000 - 2025 Al Bawaba (
