
China’s Xiaomi commits $6.9 billion to in-house chips newsthirst.
In this photo illustration, the logo of Xiaomi’s XRing O1 chipset is seen on May 19, 2025 in Beijing, China. Xiaomi CEO Lei Jun announced on the evening of May 15 that the company’s self-developed smartphone SoC, XRING 01, will be officially launched in late May. Vcg | Visual China Group | Getty Images Chinese…