CORRECTED-Xiaomi to invest at least $6.9 billion in chip design, founder says

Reuters

May 19, 2025

Corrects attribution of investment timeline to company representative, not Xiaomi founder, and corrects timeline to show investment is from 2025, not 2021

BEIJING, May 19 (Reuters) - Chinese smartphone and electric vehicle maker Xiaomi 1810.HK said on Monday it plans to invest at least 50 billion yuan ($6.93 billion) in chip design over at least 10 years.

The investment sum was flagged by Xiaomi's founder Lei Jun in a post on social media platform Weibo. A Xiaomi representative told Reuters the 50 billion yuan investment timeline starts from 2025.

Xiaomi has invested 13.5 billion yuan to self-develop its advanced mobile chip XringO1, Lei said in the post, adding that the company's chip design unit employs more than 2,500 people.

($1 = 7.2151 Chinese yuan renminbi)

(Reporting by Beijing Newsroom; Editing by Christopher Cushing)

((Xiuhao.Chen@thomsonreuters.com;))

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