Xiaomi CEO Lei Jun says on Weibo that the company invested ~$1.9B to build its Xring O1 chip and plans to invest $6.9B+ in chip design over the next decade (Reuters)

Reuters:
Xiaomi CEO Lei Jun says on Weibo that the company invested ~$1.9B to build its Xring O1 chip and plans to invest $6.9B+ in chip design over the next decade  —  China's Xiaomi will launch its highly-anticipated YU7 electric sports utility vehicle on Thursday, as well as other products …