Xiaomi launched the high-end XRing 01 chip last year and committed $7 billion of investment over the next 10 years to develop its own mobile semiconductors.

The Chinese gadget maker aims to position itself as a strong rival to Apple in the premium segment, analysts say.

Xiaomi launched the high-end XRing 01 chip last year and committed $7 billion of investment over the next 10 years to develop its own mobile semiconductors.