Xiaomi invests in semiconductor designer; likely to be a part of ‘Make in China 2025’ initiative
It seems to be just like the Chinese language smartphone maker and electronics large Xiaomi is planning to take its chip-design plans significantly. In response to a brand new report, the corporate has acquired about 6 % stake in VeriSilicon Holdings, a chip designer. This transfer is probably going a stepping stone in the direction of the eventual objective of designing its personal chips sooner or later. The details about this stake acquisition comes proper across the time when the Chinese language authorities has recognized silicon chips as “one of several sectors” the place the nation desires to change into self-reliance. The push in the direction of self-reliance is a part of the brand new “Make in China 2025” initiative that China is pushing in the direction of.
Xiaomi didn’t formally announce the acquisition of the stake. The web nonetheless uncovered the transaction in regulatory filings. In response to a report by Reuters, VeriSilicon revealed this data in a submitting to China Securities Regulator Fee (CSRC). The submitting revealed that Xiaomi was now the “second-largest external shareholder” within the firm. Xiaomi did affirm the deal nevertheless it didn’t reveal another details about the deal. The biggest exterior shareholder of VeriSilicon is “China Integrated Circuit Industry Investment Fund”. For the individuals unaware, it’s a centralized fund for the home semiconductor that works on the nationwide degree.
The report revealed that VeriSilicon headquarters are positioned in Shanghai. The corporate additionally has a variety of analysis and growth facilities in China and america. It’s value noting that VeriSilicon doesn’t design full chips. As a substitute, it really works with different chip corporations as a contractor. The corporate helps the giants in finishing “additional parts of semiconductor design”.
Xiaomi and its efforts in making a customized processor
The report additionally famous that Xiaomi first established its semiconductor division again in 2014. After 4 years of analysis, the corporate launched its first SoC referred to as the Surge S1 in 2018. Xiaomi additionally launched its Mi 5C together with the Surge S1 processor. Nonetheless, the corporate solely launched the Mi 5C smartphone within the Chinese language market. The corporate has not launched or introduced one other customized processor available in the market ever since. The final main factor that the corporate introduced got here as a part of an inside memo. In response to the memo, the corporate is planning to spin off the semiconductor division as a separate subsidiary referred to as “Big Fish”. “Big Fish” division will deal with making customized chips for IoT units.