CNBC AI News, May 22 — Xiaomi’s industry investment partner, Pan Jiutang, publicly addressed what he called “conspiracy theories and anti-intellectual rhetoric” spread by online commentators, urging stakeholders to focus on the company’s tangible progress in semiconductor innovation.
“Over the past four years, every move by Xuanjie [Xiaomi’s chip subsidiary] has been transparent to industry partners, competitors, and regulatory bodies—all of whom are multibillion-dollar entities. If there were any malpractice, could Xiaomi have survived this long?” Pan stated. “The baseless claims from certain media are frustrating, but our commitment to chip development remains unwavering. We ask for public support as we push forward.”
The comments followed CEO Lei Jun’s earlier disclosure in an open letter that Xiaomi made two pivotal decisions in early 2021: entering the electric vehicle sector and reviving its “large-scale chip” R&D program for smartphone system-on-chips (SoCs).
According to internal data, Xuanjie has invested over ¥13.5 billion ($1.9 billion) in research since 2021, with its engineering team now exceeding 2,500 members. The division’s R&D spending is projected to surpass ¥6 billion ($827 million) in 2024 alone. “This scale of investment and talent pool places Xiaomi among China’s top three semiconductor designers,” Pan emphasized. “Continuous resolve and resources have brought us to this milestone.”
Xiaomi’s first major output under this initiative—the Xuanjie O1 chip—was also unveiled, built on a second-generation 3nm process. The company claims it delivers “first-tier flagship performance,” signaling ambitions to compete with industry leaders like Qualcomm and MediaTek.
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