Xiaomi Stock: 66.6 Billion Yuan for CXMT IPO - Börse Express
Article excerpt
Highlighted: the sentence this signal was extracted from
Xiaomi is pushing its hardware strategy forward on several fronts simultaneously. While the Xring O3 chip has already been used as a hook, the broad product range around the Xiaomi 18 Fold and new wearables are now coming into investors' focus. The group thus shows how it interlinks in-house semiconductor development, memory technology, and its end-device portfolio. The core of the current development is the partnership with the Chinese memory manufacturer CXMT. It announced the mass production of LPDDR6 memory, and the Xiaomi 18 Fold is set to become the world's first smartphone with this memory generation. CXMT reported an 874 percent jump in revenue to 150.3 billion Yuan for the first half of the year. Xiaomi itself is investing 66.6 billion Yuan as part of the CXMT IPO – proof of how closely the smartphone manufacturer now controls its own supply chain. Production capacities remain limited for now: According to reports, the first batch of the Xiaomi 18 Fold is likely to be capped at up to 500,000 units, while no more than 300,000 units of the Xring O3 chip are initially expected to be available. Parallel to its high-end strategy, Xiaomi is expanding its entry-level and mid-range portfolio. In South Korea, the company is launching the Redmi Watch 6 Lite and Redmi Watch 6 Active smartwatches on September 1, along with the Smart Band 11 Active and a portable Bluetooth...
Keep reading with a free account
The rest of this article, and every signal for Xiaomi, is in your free account.
