Taiwan Semiconductor Manufacturing (TSM) is partnering with Xiaomi to make a new version of the Chinese smartphone maker's Xring handset processor, Reuters reported Monday, citing unnamed sources.

Taiwan Semiconductor will manufacture the chip using its 3-nanometre production technology, the report said.

The chip is expected to power Xiaomi's soon-to-be-released folding phone, the report said.

Taiwan Semiconductor and Xiaomi did not immediately reply to MT Newswires' request for comment.

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