Chinese tech giant eyes global market with custom chip

Chinese tech giant eyes global market with custom chipChinese technology giant Xiaomi on Tuesday unveiled an in-house processor, setting its sights on a top-tier global market long dominated by American companies. With the launch of its Surge S1 chipset, Xiaomi joins a rarified group of smartphone manufacturers with self-designed processors — the only others are Apple, Samsung and Chinese telecom company Huawei. “The ability to create its own chipsets is the pinnacle achievement for any smartphone company,” said Lei Jun, Xiaomi’s CEO and co-founder.



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