Apple Rival Xiaomi To Invest Over $6.9 Billion In Chip Design Through 2031, Boosts Push For Semiconductor Independence Amid US Sanctions

benzinga.com/25/05/45486871/apple-rival-xiaomi-to-invest-over-69-billion-in-chip-design-through-2031-boosts-push-for-semiconductor-independen

Chinese smartphone giant Xiaomi Corp. (OTC:XIACY) plans to invest at least 50 billion yuan ($6.93 billion) in chip design over a minimum 10-year period starting from 2021, founder Lei Jun announced Monday on Chinese social media platform Weibo.
What Happened: The Apple Inc. (NASDAQ:AAPL)…

This story appeared on benzinga.com, 2025-05-19 05:57:55.
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