<ul><li>Xiaomi CEO Lei Jun announced a 10-year plan to invest $7 billion in chip design to make its own mobile chips, emulating Apple's approach.</li><li>Xiaomi plans to initiate its chip design after facing setbacks in a previous attempt, relying on Qualcomm and MediaTek for chips.</li><li>The first chip from Xiaomi's new mobile efforts, Xring 01, will be unveiled on May 22, using 3-nanometer process technology.</li><li>Lei Jun emphasized the importance of developing Xiaomi's own chips to break through hardcore technology and become a significant technology company.</li></ul>

China's Xiaomi takes a page from Apple with a $7 billion plan to make its own mobile chips

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