R&D Investment
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Xiaomi Executive Defends Controversial Xuanjie O1 Chip: “Legitimate Business Practices Sustained Our Success”
Xiaomi’s investment partner Pan Jiutang dismissed online “conspiracy theories” targeting its chip subsidiary Xuanjie, defending the company’s transparency and $1.9 billion semiconductor R&D investment since 2021. Following CEO Lei Jun’s 2021 dual strategy to enter EVs and revive chip development, Xuanjie has expanded its engineering team to 2,500, with 2024 R&D spending projected at $827 million. Pan emphasized this positions Xiaomi among China’s top semiconductor designers. The company also unveiled its Xuanjie O1 chip, a 3nm-process SoC claiming flagship performance to rival Qualcomm and MediaTek, while urging public support against “baseless” criticism.
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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.
