Xiaomi to unveil 3nm chip for smartphones

XRing O1 result of $1.9b investment by tech major seeking semiconductor edge

Xiaomi Corp said on Monday that it will unveil its 3-nanometer XRing O1 chip for smartphones on Thursday, marking the company's revived ambitions to bolster its semiconductor prowess.

The new chip, a result of over four years of intensive research and development efforts, will position Xiaomi to compete directly with leading global chip designers, but it remains to be seen how the actual products will perform on handsets, experts said.

Lei Jun, CEO and chairman of Xiaomi, said via a post on Sina Weibo that the company's cumulative investment in the XRing O1 chips had exceeded 13.5 billion yuan ($1.9 billion) by the end of April.