SHANGHAI (Reuters) -Xiaomi's founder Lei Jun said on Tuesday that the company has started mass production of its self-developed Xring O1 advanced mobile chip.
The first two products to be powered by the chip will be the Xiaomi 15S Pro smartphone and the Xiaomi Pad 7 Ultra, he said on his personal Weibo account.
Xiaomi plans to hold a launch event for the products on Thursday.
On Monday, Lei said Xiaomi had invested 13.5 billion yuan ($1.87 billion) to develop the Xring O1, and that it planned to invest at least 50 billion yuan more in chip design over at least 10 years.
($1 = 7.2227 yuan)
(Reporting by Brenda Goh; Editing by Tom Hogue)
