Xiaomi deepens push into chips and AI as peers race to develop humanoid robotics

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Xiaomi is increasing its investment in core technologies like chips, AI, and operating systems as part of its five-year plan to become a deep-tech player. CEO Lei Jun emphasized the importance of private tech firms investing in these areas to drive innovation and commercialization, citing their market proximity as a key advantage. The company has already invested over $14.5 billion in R&D over the past five years and plans to invest approximately $29 billion in the next five. This push aligns with China's broader self-reliance initiative and comes as competitors like Li Auto and Xpeng are developing humanoid robotics. Lei Jun's comments follow President Xi Jinping's meeting with private tech entrepreneurs to boost confidence and tech resilience.
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