JAKARTA Xiaomi, a technology company from China, announced plans to invest in chip design on Monday, May 19. The Huawei competitor will invest in the long term, for at least 10 years.
The plan was announced directly by Xiaomi Founder Lei Jun via uploads on Weibo. However, for the investment value, Xiaomi representatives told Reuters that this long-term investment cost 50 billion yuan (Rp114 trillion).
The investment in the chip design will begin this year and end in 2035. With a focus on developing chip designs, Xiaomi wants to show that they are trying to bring advanced chips with the best quality.
Xiaomi has also invested 13.5 billion yuan (Rp30.7 trillion) to develop its advanced mobile device chips. Lei said that this chip is known as Xringo1.
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So far, Xiaomi has hired 2,500 people just to develop its chip design. It was not disclosed in full how many employees work in the mobile device chip manufacturing department.
Xiaomi's commitment to developing its device's internal technology has shown good results over the past few years. In fact, this brand of mobile phones has succeeded in controlling the smartphone market in Indonesia recently.
According to Canalys data, Xiaomi controls 19 percent of the market share in Indonesia. This trend has been positive since the second quarter of last year and the peak is the first quarter of this year. Not only in Indonesia, Xiaomi sales in China are also moving in a positive direction.
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