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Benzinga
Benzinga
Technology
Pooja Rajkumari

Xiaomi Set To Challenge Qualcomm, MediaTek As It Ventures Into Chipmaking Once Again

Xiaomi Mediatek Qualcomm Intel Corporation Nasdaq Artificial Intelligence Huawei United States

Xiaomi Corp. (OTC:XIACF) is set to launch its own mobile processor for future smartphones, aiming to lessen its dependency on foreign suppliers like Qualcomm Inc. (NASDAQ:QCOM) and MediaTek Inc. (OTC:MDTKF). 

What Happened: This strategic move aligns with Beijing’s push for local firms to minimize reliance on foreign technology. Xiaomi’s initiative comes amid a broader trend of tech giants investing in semiconductor development, a critical area in the ongoing tech race with the United States, according to Bloomberg on Tuesday, the chip’s mass production is slated for 2025.

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