Xiaomi Chip has invested in chip companies to implement its own chip development.
This is the latest sign of Beijing's push to develop China's semiconductor industry, a move that has also included the acquisition of overseas chip companies to acquire technology. Xiaomi is the second Chinese smartphone maker to develop its own chips, after Huawei Technologies Co.
Lei Jun revealed the support of Chinese government funding when he described the development process for his new Pinecone Surge S1 chip. Xiaomi's new low-end and mid-range Xiaomi 5C phone will be powered by the Pinecone Surge S1 chip.
Extended information
Xiaomi's Yangtze River Industry Fund invested in a chip company, VeriSilicon Microelectronics (Shanghai) Co. ("VeriSilicon"), the current shareholding ratio of 6.25%, the fourth largest shareholder.
The official website of VeriSilicon Microelectronics shows that the company, founded in 2001 and headquartered in Shanghai, is a provider of system-on-chip and packaging system solutions. In addition, VeriSilicon Microelectronics has a range of core IPs in mobile Internet devices, data centers, the Internet of Things, automotive, industrial and medical electronics, etc.
Publicly available information shows that VeriSilicon Microelectronics has cooperated with Huawei, Microsoft, and Wafer Works, etc., and is currently in the process of being listed on the Science-Based Technology Board (SBTB).
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