Xiaomi held its financial meeting for Q1 2023 today. During the meeting, the company’s President Lu Weibing expressed regret over the closure of Oppo’s chip business. He also said that Xiaomi’s determination to invest in chips has not wavered, and that the company will continue to invest in the chipsets market.

Oppo gives up on Chips but Xiaomi still standing strong

Earlier this month, Oppo announced the closure of its chip development subsidiary, Zeku, due to economic challenges and a volatile smartphone market. For unaware, the company has been manufacturing imaging chips (Marisilicon X) for its smartphone and it even announced an audio NPU, called Marisilcon Y recently.

Oppo Marisilicon

Lu Weibing expressed regrets over the closure of the chip business by their friends at Oppo, highlighting the challenging nature of developing cores and the difficulty involved. He urged people to show respect for every bold step taken in the industry.

However, the exec made it clear that this closure does not hamper Xiaomi’s endeavors to develop chips. “We are fully aware of the difficulty, long-term nature, and complexity of chip investment. In the future, we must respect the rules of the chip industry and not rush for quick success. We must be prepared for a long-term, protracted war. You cannot run a marathon like it is a 100-meter race,” said Lu.

In the past few years, Xiaomi has developed a number of chips for use in its smartphones, including the Surge S1, Surge S2, Surge V1, P1, and G1. These chips are designed to improve the performance, battery life, and camera quality of Xiaomi smartphones. The company is also developing a number of other chips, including a 5G modem chip and a self-driving chip. Xiaomi is even reported to be recruiting talent from Oppo’s disbanded chip business.

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