Xiaomi is Planning Investments of Nearly $7 Billion in Chip Development
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The Chinese technology company Xiaomi Corporation (HKEX: 1810) will present a mobile chip with 3-nanometer technology this week and is planning to invest nearly $7 billion in chip development over a period of at least ten years. This was announced by company founder Lei Jun. The measures taken by the Beijing-based company, which is famous for its smartphones and household appliances, come against the backdrop of increased efforts by China to establish an independent semiconductor industry in light of trade conflicts with the USA. Introduction...
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