Chinese smartphone firm Xiaomi Inc [XTC.UL] announced its first in-house designed chipset on Tuesday, as it works to streamline production, lower prices, and gain greater control over handset design to counter the impact of slowing sales.
The Surge S1, deployed in Xiaomi’s newest smartphone, the Mi 5c, is the first chipset – which manages data flow – from the company’s wholly-owned chip research subsidiary, Beijing Pinecone Electronics.
“We need to master the core technologies of our industry and tightly integrate the development of our hardware with our software helping us to make even better smartphones,” Xiaomi Chief Executive Officer Lei Jun said in a statement.
