Automotive Venture
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Xiaomi Invests $13.5 Billion in 4 Years to Climb to Domestic Top 3 Chip Development; Lei Jun: Penghai Was Never ‘Black History’ – It’s Our Journey
Xiaomi founder Lei Jun highlighted the company’s renewed semiconductor focus ahead of its May 22 chip announcement, revealing that investment in the “Xuanjie” project exceeded $13.5 billion since 2021, supporting both smartphone SoC revival and specialized component development. With a team of 2,500 engineers, Xiaomi now ranks as China’s third-largest fabless semiconductor entity. Analysts view this dual-track strategy as critical preparation for AI-driven device differentiation, echoing MediaTek’s successful SoC resurgence during the mobile era.
