Xiaomi Set To Challenge Qualcomm, MediaTek As It Ventures Into Chipmaking Once Again

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Xiaomi Set To Challenge Qualcomm, MediaTek As It Ventures Into Chipmaking Once Again - Benzinga

Quick Summary:

Xiaomi Corp.(OTC:XIACF) is set to launch its own mobile processor for future smartphones, aiming to lessen its dependency on foreign suppliers like Qualcomm Inc. (NASDAQ:QCOM) and MediaTek Inc.(OTC:MDTKF).

What Happened: This strategic move aligns with Beijing’s push for local firms to minimize reliance on foreign technology.

Xiaomi’s initiative comes amid a broader trend of tech giants investing in semiconductor development, a critical area in the ongoing tech race with the United States, according to Bloomberg on Tuesday, the chip’s mass production is slated for 2025.