Xiaomi founder Lei Jun unveiled the Xring O1 chip, aiming to compete with Apple and Qualcomm. While admitting some performance lags, Jun highlighted it as a significant achievement. Xiaomi plans a massive $27.8 billion R&D investment over five years, focusing on chips and EVs, aiming to overcome recent setbacks. The YU7 electric SUV launch is also anticipated, representing Xiaomi's broader tech ambitions.
