Xiaomi launches new Xring chip, partners with TSMC for production, sources say - 95.7 KELO-FM
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By Che Pan and Eduardo Baptista BEIJING, Aug 24 (Reuters) – Chinese smartphone maker Xiaomi on Monday unveiled a new version of its in-house Xring handset processor, betting that greater control over key components will strengthen its supply chain and reduce reliance on external chip suppliers. The Xring O3 comes a year after Xiaomi launched its first proprietary smartphone processor, the Xring O1, marking the latest step in the world's third-largest smartphone vendor's push to join rivals Apple, Samsung Electronics and Huawei in developing its own chips. Smartphone processors, also known as systems-on-chip (SoC), combine computing, graphics, AI processing and imaging functions in a single component. TSMC will manufacture the new chip using its 3-nanometre production technology, two people familiar with the matter said. Developing more chips in-house could give Xiaomi greater control over product features and improve its bargaining power with suppliers. The sources declined to be identified because the plans are not public. Xiaomi and TSMC did not immediately respond to requests for comment on the chip's manufacturer, production technology or shipment targets. One source said the chip is expected to power Xiaomi's upcoming flagship folding phone, with shipments targeted at 200,000 to 300,000 units. Its expansion into foldable phones, a higher-priced market segment...
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