Xiaomi launches new Xring chip, partners with TSMC for production, sources say

Staff members stand near the company logo at a Xiaomi store in Shanghai, China November 1, 2021. Picture taken November 1, 2021. REUTERS

BEIJING, Aug 24 (Reuters) – Chinese smartphone maker Xiaomi  on Monday unveiled a new version of its in-house Xring smartphone processor, betting that deeper control over key components will help ​strengthen its supply chain and reduce reliance on external chip ​suppliers.

The introduction of Xring O3 comes a year after Xiaomi launched ⁠its first proprietary smartphone processor, the Xring O1, marking the latest ​step in the world’s third-largest smartphone vendor’s push to join rivals such as ​Apple (AAPL.O), Samsung Electronics (005930.KS), opens new tab and Huawei in developing its own chips.