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Xiaomi Presents RMB10M Tech Award, To Invest RMB200B in R&D Next 5 Yrs
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XIAOMI-W (01810.HK) presented its RMB10 million Technology Award yesterday (7th), recognizing outstanding engineers and engineering teams. Representing the group's highest technical honor, the award has been presented seven times since 2020, with a total prize pool exceeding RMB75 million. Xiaomi Chairman and CEO Lei Jun posted on Weibo that this year's RMB10 million Technology Award attracted 154 competing projects, making the competition extremely fierce. Many awards were given for core underlying technologies, including chips, mobile phones, automobiles, AI, and materials. Lei stated that Xiaomi committed to RMB100 billion in R&D investment, with the actual investment reaching approximately RMB105 billion over the past five years. Over the next five years, Xiaomi plans to invest RMB200 billion in R&D. This is not a small amount, said Lei, but enormous effort must be made to ensure the money is used effectively, continuously tackling core underlying technologies such as chips, operating systems, and AI, truly building Xiaomi's “Human x Car x Home” moat. He believed that as R&D progresses step by step, Xiaomi's research achievements and technological strength will gradually be manifested. AAStocks Financial News |
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