Xiaomi Corp - Unsponsored ADR (XIACY)
Xiaomi Plans Nearly $7 Billion Investment in Chip Design
The Chinese technology giant is slated to introduce a 3-nanometer mobile chip this week and plans to invest nearly $7 billion in chip design over at least 10 years, its founder said.
Xiaomi to invest nearly $7bn in chip design over next decade
Xiaomi plans to invest at least $6.9 billion in chip design over the next ten years, according to founder Lei Jun in a post on Chinese social media platform Weibo. A company spokesperson confirmed to Reuters that the timeline for the investment begins in 2025.
Xiaomi: The AI Breakthrough Powering A New Era Of Smart Ecosystems (Upgrade)
Xiaomi's MiMo model, an advanced AI with 7 billion parameters, outperforms OpenAI's o1-mini and Alibaba's QwQ-32B, marking a significant technological breakthrough. We upgrade Xiaomi to buy from hold due to its AI advancements and the de-escalation of Sino-US tensions, presenting an attractive entry point. MiMo's integration enhances Xiaomi's ecosystem, improving user experience in smartphones, IoT, home appliances, EVs, and potentially humanoid robots.
Xiaomi will not bring new YU7 to China's largest auto show, exec says
Xiaomi does not plan to showcase its upcoming YU7 electric SUV at China's largest auto show next week, deflating widespread anticipation among visitors keen to catch a glimpse of the would-be challenger to Tesla's Model Y.
Xiaomi delivers record cars in March as winners emerge in China's EV race
Xiaomi delivered a record number of electric vehicles in March, exceeding 29,000 units. Xpeng and Leapmotor saw deliveries more than double in March from the same period last year.
Xiaomi: Doing What Apple And Tesla Can't
I maintain a "Buy" rating on Xiaomi due to its successful ecosystem strategy and promising expansion into the EV market, despite recent stock corrections. Xiaomi's financials are strong, with significant revenue and profit growth in smartphones and IoT, and narrowing losses in the EV segment. The valuation remains attractive with a forward-looking perspective, supported by Goldman Sachs' optimistic 12-month target price, indicating a 30% upside potential.
Xiaomi Stock: Will Investor Confidence Hold Up?
Xiaomi's stock fell over 5% after the fatal accident involving its SU7, as founder Lei Jun pledged his full cooperation with the investigation
Xiaomi EV Crash in China Raises Concerns About Smart Driving Software
Xiaomi has confirmed that one of its SU7 electric vehicles was involved in an accident on an expressway in China. Local media reported that the incident resulted in the deaths of three individuals, raising concerns about the smart driving software used in modern cars.
Xiaomi's Shares Fall After Fatal Car Accident Involving One of Its EVs
The sudden drop came after the company said that one of its SU7 models was involved in a lethal accident on an expressway in China's Anhui province.
China's Xiaomi says actively cooperating with police after fatal accident
China's Xiaomi said on Tuesday that it was actively cooperating with police after a fatal accident of an SU7 car on March 29 and handed over driving and system data.
Xiaomi Stock and the Rest of China's ‘Terrific 10' Are the Tech Bet for 2025
Nvidia, Tesla, and the rest of Big Tech are having a rough go of it, while China's Terrific 10—Alibaba, Tencent, Meituan, Xiaomi, JD.com, NetEase, Baidu, BYD, Geely, and SMIC—are not. That raises the question: Are the Mag Seven yesterday's news and is it time to focus on their Chinese counterparts instead?
Xiaomi Raises $5.5 Billion From Share Sale to Fund EV Expansion
Xiaomi has raised about $5.5 billion in an upsized share sale, as the Chinese tech firm capitalizes on a surge in its stock price to help raise funds to expand its electric-vehicle business. Bloomberg's Minmin Low reports.
