<ul><li>Xiaomi confirms the development of its own smartphone chipset named Xuanjie O1 in Chinese and Xring O1 internationally.</li><li>CEO Lei Jun announced that the chip will be fully unveiled in late May.</li><li>The chipset is rumored to be built on a 5nm process and feature a 1+3+4 CPU configuration with Cortex cores clocked at different speeds.</li><li>The chipset is expected to be comparable to Qualcomm's Snapdragon 8 Gen 2 but these specs are not confirmed yet.</li></ul>

Xiaomi's self-developed smartphone chipset has a name and a release date

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