Xiaomi launches new advanced in-house mobile chip

Xiaomi, which sells goods from smartphones to vacuum cleaners and electric vehicles (EVs), is one of China's most prominent consumer electronics firms. With the XRING O1, it becomes only the second smartphone brand globally after Apple to mass produce its own 3-nanometre chips, among the most advanced on the market. This despite being a latecomer to the chip industry, Xiaomi founder Lei Jun said at a launch event on Thursday, joking that the feat had been "harder than ascending to heaven". Xiaomi...