XIAOMI
Xiaomi’s game-changing chip stuns tech world, even China cheers while the U.S. watches nervously
Xiaomi Xring 01 chip has shaken up the tech world by matching — and even beating — top chips like Apple’s A18 Pro and Qualcomm’s Snapdragon 8 Elite. After four years of work, 2,500 engineers, and ¥13.5 billion investment, Xiaomi has officially entered the high-end processor game. The Xring 01 chip is now powering the Xiaomi 15S Pro and Pad 7 Ultra, and even the Chinese government is cheering the achievement. Built on ARM and manufactured by TSMC, this chip puts Xiaomi right in the middle of the global semiconductor race, aiming to reduce China’s dependence on foreign technology.
D-Street's lofty equity valuations are pure Bollywood
Indian equity valuations puzzle experts. Cement companies are pricier than global peers. Some believe retail investors follow tycoons like Mukesh Ambani and Gautam Adani. Adani's cement consolidation may boost pricing power. Domestic funds face pressure to invest due to liquidity. Tech stocks attract global investors, but India lags in innovation. Local investors drive up valuations, even for mediocre firms.
Big win for users! EU’s new rules force Android makers to offer 5 years of software and 7 years of repairs - key points
European Android users are set to benefit from new EU rules mandating extended software support and repair options for smartphones and tablets. Starting June 20, 2025, manufacturers must provide spare parts for up to seven years and offer operating system updates for at least five years after a model's market withdrawal.
OnePlus 13s review: Making the compact smartphone segment exciting
OnePlus 13s is launched today. The smartphone is powered by Qualcomm Snapdragon 8 Elite SoC. The device also features a new Plus key.
Tesla is being eaten alive by Chinese rivals it inspired
Tesla's Shanghai factory is experiencing declining output, impacting its market share in China's competitive EV landscape. Rivals like BYD and Xiaomi are gaining ground with innovative and affordable EVs. Despite Tesla's initial catalytic role, it now faces challenges in maintaining its position, with reduced capacity utilization and profit margins, compounded by external factors like political dynamics.
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Xiaomi's Tesla Y rival YU7 hits showrooms in Beijing
Xiaomi has launched the YU7 across 13 of its showrooms in Beijing and will begin accepting orders in July. The company is aiming to replicate the success of its sporty SU7 sedan, which debuted last year and has consistently outsold Tesla's Model 3 on a monthly basis since December.
Manu Jain’s next big play after Xiaomi: A $1.4 billion bet to help India achieve its AI ambitions
Abu Dhabi’s G42 is making a $10 billion global AI bet—with India at the centre. With Jain at the wheel, the company is combining global expertise with local insight to advance India’s AI narrative.
China auto market price war stokes fears of industry shake-out
China's auto industry is facing an intensifying price war, sparked by BYD's significant discounts on its electric vehicles, leading to concerns about a potential shake-out. This price war is putting immense pressure on weaker players and the automotive supply chain, with some companies selling cars below cost.
India's alarm over Chinese spying rocks the surveillance industry
Global surveillance gear makers are in conflict with Indian regulators over new security rules demanding hardware, software, and source code submissions for government lab assessments. This policy, driven by concerns about Chinese surveillance capabilities, has sparked industry warnings of supply disruptions.
Shares of China's Xiaomi set to rise 2.3% after reporting record profit
The Hong Kong-listed shares of the world's third-largest smartphone maker, whose product lines also extend to cars, were set to open at HK$52.75.
Asian shares track Wall Street gains, bonds steady
Asian shares experienced an upswing, mirroring Wall Street's significant rally driven by improved US consumer confidence and a global bond surge. Japan's stock market led the gains, while Treasury yields stabilized after a sharp decline. Investors are closely watching Nvidia's earnings and a key Japanese bond auction for market direction amid lingering economic uncertainties.
Xiaomi reports 47% revenue growth in Q1 as it launches new electric SUV
Xiaomi reported record-high revenue and profit in Q1, driven by its focus on high-end products, including smartphones and home appliances. The company's EV business generated substantial revenue, with SU7 deliveries exceeding expectations, though facing challenges like increased competition and negative publicity. Despite a net loss in the EV sector, Xiaomi's market value has surpassed BYD, reflecting investor confidence.
Donald Trump threatens Apple and other smartphone makers with 25% tariff unless they build devices in US
US President Donald Trump on Friday threatened Apple and other smartphone manufacturers with a 25 percent tariff unless their devices are built in the United States. In a post on Truth Social, Trump wrote that he had "long ago informed Tim Cook of Apple that I expect their iPhones that will be sold in the United States of America will be manufactured and built in the United States, not India, or anyplace else."
Apple raises iPhone trade-in value in China amid demand concerns, rising competition
Apple is boosting trade-in discounts in China, offering up to $790 for older iPhones to combat declining market share, which fell to 13.7% in the first quarter. This move comes amid rising competition from local brands like Xiaomi and Huawei, who are gaining ground.
China's Xiaomi to invest almost $28 billion in core technology R&D over next five years
Xiaomi plans to invest 200 billion yuan ($27.8 billion) in core tech R&D over five years, CEO Lei Jun announced in Beijing. The move coincides with the launch of Xiaomi’s first electric SUV and its advanced mobile chip, Xring O1, marking a major push into automotive and chip technology.
How the US-China chip conflict is evolving under Trump
America targets Huawei's AI chips amid tech tensions with China. The US shifts its approach to limit China's access to vital semiconductors. Trump's strategy differs from Biden's, focusing on bilateral measures. Beijing accuses Washington of bullying. AI rivalry intensifies trade disputes. Both nations reduce tariffs temporarily. Tech competition shapes national security policies. The US may blacklist Chinese AI players.
Another headache for Elon Musk: Xiaomi launches YU7 that will directly compete with Tesla's Model Y in China
Xiaomi has revealed a new electric car called the YU7. It might be a big challenge for Tesla's Model Y in China. Experts think it could change the car market.
Xiaomi founder touts new Chinese chip to rival Apple silicon
Xiaomi's founder, Lei Jun, unveiled plans to equip high-end devices with advanced, homegrown mobile processors, signaling a push to rival tech giants. The Xring O1 chip, aimed at competing with Apple and Qualcomm, will power three devices, including the Xiaomi Tablet 7 Ultra.
China's Xiaomi founder expects new electric SUV to hit market in July
Xiaomi's founder and CEO, Lei Jun, announced the upcoming launch of their new electric SUV, the YU7, slated for July. Positioned as a rival to Tesla's Model Y, Xiaomi will unveil the YU7 along with its self-developed XringO1 mobile chip and a new flagship smartphone. Official prices and pre-orders for the YU7 will not be disclosed at the pre-launch event.
Dixon aims to boost exports, margin post closure of PLI scheme, says MD Atul Lall
Dixon Technologies anticipates that increased exports and backward integration will compensate for any potential decline in margins and volumes following the conclusion of the PLI scheme in FY26. The company expects smartphone production to rise to 60-65 million units by FY27, with a significant portion destined for North American exports.
Xiaomi to launch 'Tesla-challenging' YU7 on Thursday
Xiaomi is set to unveil its YU7 electric SUV, poised to challenge Tesla's Model Y in China, alongside the Xring O1 mobile chip and Xiaomi 15S Pro smartphone. The company is also making significant investments in chip development, with plans to invest at least 50 billion yuan over the next decade.
Xiaomi to invest at least $6.9 billion in chip design, founder says
Xiaomi has invested 13.5 billion yuan to self-develop its advanced mobile chip XringO1, Lei said, adding that the company's chip design unit employs more than 2,500 people.
Xiaomi India revenue falls 45% despite premium push
Xiaomi, the chinese smartphone maker, faced a significant setback in India. Its revenue from smartphone sales dropped 45% in the March quarter. Shipment volumes also fell sharply. The company struggled to compete in the budget segment. Xiaomi aims to focus on premium phones. However, its average selling price declined.
Apple's artificial intelligence ambitions for China provoke Washington's resistance
In recent months, the White House and congressional officials have been scrutinizing Apple's plan to strike a deal with Alibaba to make the Chinese company's AI available on iPhones in China, three people familiar with the deliberations said. They are concerned that the deal would help a Chinese company improve its AI abilities, broaden the reach of Chinese chatbots with censorship limits and deepen Apple's exposure to Beijing laws over censorship and data sharing.
Watch out! Does your business pass the geopolitical test?
Following India's conflict with Pakistan, Indian traders are boycotting Turkey and Azerbaijan due to their support for Pakistan. Businesses are urged to align with national interests as economic nationalism rises, impacting companies with ties to countries with strained relations with India. Companies are adopting strategies to mitigate geopolitical risks.
China's Xiaomi to launch self-developed mobile chip in late May
Xiaomi will launch its self-developed mobile chip, XringO1, in late May, CEO Lei Jun announced. The move signals Xiaomi’s push into advanced chip design, competing with Apple and Huawei, who use custom chips to boost performance and ecosystem integration in China’s increasingly competitive smartphone market.
Once a darling just six months ago, Xiaomi's EV SU7 faces backlash from customers following a deadly crash; orders slump 55% in April; CEO Lei Jun appears clueless
Xiaomi SU7 electric car is facing a sudden drop in orders as concerns rise over safety and misleading advertising. Once a major EV contender in China, the SU7 saw a 55% sales dip after a fatal crash raised questions about its smart driving tech. Customers are also upset over unclear delivery timelines and a pricey carbon fiber hood that didn’t match Xiaomi’s claims. As backlash grows, CEO Lei Jun admits it's his toughest time yet. This detailed story breaks down what’s going wrong for Xiaomi’s EV dream. Read on to see how fast fortunes can change in the EV market.
iPhone 16 gets a $351 price drop on Chinese e-commerce sites ahead of shopping frenzy
To combat declining market share in China, online retailers are significantly discounting the iPhone 16 ahead of the "618" shopping festival. Platforms like Tmall are offering discounts as high as 2,530 yuan, leveraging government subsidies to stimulate sales. This move follows a quarter where Apple's shipments in China dropped, while local competitors experienced growth.
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