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Xiaomi to Invest $27.8 Billion in R&D Including 50 Billion Yuan for Mobile Processor, Launches Xring O1 SoC to Compete With Apple, MediaTek, Qualcomm | DeepNewz China
Business Bytes
·
2m ago
Medial
Xiaomi announced plans to invest an additional CNY 200 billion (USD 27.8 billion) in research and development over the next five years, as stated by Chairman and CEO Lei Jun. The investment will focus on enhancing their capabilities, including a significant CNY 50 billion yuan allocation for mobile processors. Xiaomi aims to benchmark its chips against those of Apple, reflecting its commitment to technological advancement and competitive positioning in the market.
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Xiaomi to invest at least $6.9 billion in chip design, founder says
Economic Times
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2m ago
Medial
Xiaomi plans to invest a minimum of 50 billion yuan ($6.93 billion) in chip design over a decade starting from 2021. The company's founder, Lei Jun, announced on Weibo that they've already invested 13.5 billion yuan to develop their advanced mobile chip, XringO1. The chip design unit currently employs over 2,500 people, underscoring Xiaomi's commitment to strengthening its technological capabilities in the competitive electronics market.
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Two Chinese chip firms plan $1.7 billion IPOs, bet US export curbs to spur growth - The Economic Times
Economic Times
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1m ago
Medial
Two Chinese AI chip startups, Moore Threads and MetaX, aim to raise a combined 12 billion yuan ($1.65 billion) through IPOs on Shanghai's STAR Market. The companies are capitalizing on U.S. export curbs, hoping to boost local demand for their GPUs. Despite recent losses due to heavy R&D, both firms see domestic growth opportunities as the U.S. intensifies chip restrictions. Founded by ex-employees of major U.S. chip firms, they compete with domestic giants like Huawei.
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Xiaomi's Redmi Pad Pro gains BIS Certification hinting at imminent India launch
Livemint
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1y ago
Medial
Xiaomi's Redmi Pad Pro tablet has been spotted on the Bureau of Indian Standards (BIS) certification website, suggesting an imminent launch in the Indian market. The tablet, with the model number 2405CRPFDI, has received certification and is tailored for India. While Xiaomi has not officially confirmed the release, speculation suggests it may coincide with the Xiaomi 14 Civi launch event on June 12. The Redmi Pad Pro is expected to feature a Qualcomm Snapdragon 7s Gen 2 processor, 8GB RAM, 256GB internal storage (expandable up to 1.5TB), and a 12.1-inch display with a 2.5K resolution and a 120Hz refresh rate.
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Huawei unveils Mate 70 Series, pushing software independence with HarmonyOS NEXT
Livemint
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8m ago
Medial
Huawei has launched its Mate 70 smartphone series, aiming to compete with high-end devices like Apple's iPhone. Priced at 5,499 yuan (£636), the Mate 70 boasts a more powerful processor and features the world's first mainstream smartphone with a satellite paging system. The series comes with Huawei's new operating system, HarmonyOS NEXT, as the company aims to reduce its reliance on Android. With growing market share, Huawei is positioning itself as a major player in the global smartphone market.
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What is Rabbit R1? AI-powered smart assistant launched at CES 2024
Livemint
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1y ago
Medial
Santa Monica-based startup Rabbit has launched the Rabbit r-1 AI assistant at CES 2024. The device features a 2.88-inch touchscreen display and is powered by a MediaTek processor. The AI assistant can perform various tasks including playing music, ordering groceries, and sending messages. Rabbit aims to provide an intuitive app-free experience with the power of AI. The Rabbit R1 is available for pre-order at $199 and is expected to start shipping in late March.
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Poco X6 Neo set to launch in India on March 13: Everything we know so far
Livemint
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1y ago
Medial
Poco has announced its plans to launch the Poco X6 Neo smartphone in India on March 13. The device is expected to have a 6.6-inch OLED display with a high refresh rate, MediaTek Dimensity 6080 processor, up to 108MP camera, and a 5,000 mAh battery. It may be a rebranded version of the Redmi Note 13R Pro 5G. The Poco X6 Neo aims to compete with mid-range offerings from Realme, Samsung, and Lava in the Indian market.
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2024 Raksha Bandhan gift ideas: Xiaomi Pad 6 tablet, iQOO Z9 Lite 5G phone, more
Livemint
·
1y ago
Medial
Raksha Bandhan is approaching and if you're in search of affordable gift ideas for your sibling, we've got you covered. The Xiaomi Pad 6, priced at ₹25,999, offers a high-performance tablet experience with an 11-inch display, Snapdragon 870 Octa-Core processor, and Dolby Atmos quad speakers. The boAt Nirvana Ion Truly Wireless Earbuds ensure long playback time and crystal-clear sound calls for just ₹1598. For a smartwatch option, the Noise Halo Plus, priced at ₹2799, offers a round AMOLED display, health tracking features, and Bluetooth calling capabilities. The iQOO Z9 Lite 5G smartphone, priced at ₹10499, impresses with its powerful MediaTek Dimensity 6300 processor and 50MP Sony AI camera. Lastly, the Cosmic Byte ARES wireless controller, priced at ₹1699, provides an enhanced gaming experience with its ergonomic design and LED-backlit buttons.
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Ericsson to add 150+ R&D roles in Bengaluru to boost chip design for 5G networks
Economic Times
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1m ago
Medial
Ericsson is expanding its R&D team in Bengaluru by over 150 positions to boost its Application-Specific Integrated Circuit (ASIC) development. This expansion aims to enhance the company's capabilities in semiconductor design, specifically focusing on Ericsson Silicon's System on Chips (SoC) for 5G networks. The move aligns with Ericsson's commitment to leverage local tech competence and strengthen India's semiconductor ecosystem. The company invests $5 billion annually in R&D but did not specify investments for this expansion.
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OPPO partners with Google, Microsoft, MediaTek for AI; files 5,000+ patents
Livemint
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1y ago
Medial
OPPO aims to democratize the use of artificial intelligence (AI) on smartphones across various price ranges by the end of 2024. The company has established an AI R&D Centre and is collaborating with industry leaders like Google, Microsoft, MediaTek, and Qualcomm to integrate more AI features into everyday life. IDC predicts a significant growth in shipments of AI-enabled phones priced under $1000, reaching 35 million units by 2024. OPPO has introduced over 100 generative AI capabilities to its phones and has filed thousands of AI patents globally. The company is committed to making AI phones accessible to everyone and driving innovation in the mobile phone industry.
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Xiaomi CEO teases price on upcoming EV, showrooms begin displaying vehicle
Economic Times
·
1y ago
Medial
Xiaomi CEO, Lei Jun, aims to make the company's first electric vehicle (EV) the best-looking, easiest to drive, and smartest car priced below 500,000 yuan ($69,424). The car, called the SU7, will be available for orders soon with an official price range to be announced. The EV boasts impressive acceleration capabilities and a driving range of up to 668km or 800km. Xiaomi's move into the EV market follows its diversification strategy amid declining smartphone demand. The company plans to invest $10 billion in autos over ten years and has gained approval from authorities to produce EVs.
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