Xiaomi Corp. $1810 (-2,11 %)
the Chinese smartphone and electric vehicle manufacturer, will present its self-developed mobile chip, the XringO1, at the end of May.
This announcement was made by company founder Lei Jun last Thursday on the social media platform Weibo.
Xiaomi's entry into in-house chip development marks a significant step for the company.
With the launch of the XringO1, Xiaomi joins a select group of smartphone manufacturers that develop their own chips.
The XringO1 is expected to improve the performance of Xiaomi products and could potentially give the company a competitive edge in the smartphone and electric vehicle markets.
Details on the specific features of the XringO1 chip have not yet been disclosed. However, the industry is eagerly awaiting its launch at the end of May as it could herald a new chapter for Xiaomi and its technological capabilities.