China's Xiaomi tells CNBC it's planning a yearly smartphone chip release and its own AI assistant for overseas

In this article

BARCELONA — Xiaomi

plans to launch a new smartphone processor chip every year, the company’s President Lu Weibing told CNBC, underscoring the company’s ambition to expand into more sophisticated areas of technology.

In a wide-ranging interview on Tuesday, Lu also said that Xiaomi is gearing up to launch its own AI assistant for overseas markets.

Last year, Xiaomi launched the XRing O1, a system-on-chip (SoC) based on an advanced 3 nanometer manufacturing process. Few smartphone makers design their own SoCs, which power the devices they are built into.