Xiaomi is stepping up investment in chip manufacturing amid growing pressure from the US. According to NikkeiAsia, this is part of China’s efforts to reduce dependence on foreign technology amid US sanctions against Huawei Technologies.
From 2019 to the present, Chinese tech giant Xiaomi has significantly increased its stakes in at least 34 Chinese chip-related companies. In addition, the company also acquired stakes in 25 other technology companies. The smartphone manufacturer is currently investing in the development of chips, chip hardware, advanced displays, camera lenses, and various high-precision equipment.
These investments are in line with China’s plans to create a more competitive supply chain. The country’s authorities want to reduce dependence on advanced foreign technologies and strengthen their own technology industry.
Last week, Xiaomi unveiled a new self-developed processor, the Surging C1, which is Xiaomi’s first professional imaging chip. Xiaomi founder Lei Jun said that this is just a small step in this direction.