Xiaomi founder and CEO Jun Lei announced on May 19 via Weibo that the company will unveil its first 3nm mobile system-on-chip (SoC), the "Xring O1," on May 22. He also revealed that Xiaomi plans to invest at least CNY50 billion (US$6.

Xiaomi is poised to launch its YU7 electric sport utility vehicle (SUV), which is anticipated to be a competitor to Tesla's Model Y in the Chinese market, this week. Xiaomi's move into electric vehicles (EVs) began last year with the SU7 sedan,

Xiaomi is set to unveil its YU7 electric SUV on May 22, aiming to rival Tesla Model Y with high-speed performance and advanced features.

Xiaomi will invest at least 50 billion yuan ($6.9 billion) over the next 10 years to develop its own chips, the company's CEO Lei Jun said. Chinese technology giant Xiaomi will invest at least 50 billion yuan ($6.9 billion) over the next 10 years to develop its own chips, CEO Lei Jun said in a Weibo post on Monday.

VCG. Xiaomi CEO Lei Jun announced on Monday that the company will launch its second-generation 3-nanometer mobile chip - Xrin

Lei said Xiaomi reached that milestone in April after spending US$2 billion of its 10-year, US$6.9 billion allocation for chip development.