Xiaomi is set to invest at least 50 billion yuan (approximately $7 billion) in chip development over the next ten years, starting from 2025. This was reported by Reuters, citing a representative from Xiaomi.

The founder of Xiaomi, Lei Jun, mentioned that the company has already spent 13.5 billion yuan on the development of its mobile processor, XringO1. The project involves over 2,500 specialists.

The new investments are aimed at strengthening Xiaomi's position in the mobile processor market and enhancing control over key technologies amid increasing competition in the smartphone and electric vehicle sectors.