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Xiaomi Group's share price witnessed a robust rise of 3.92% during the morning session. CEO Lei Jun announced that a grand product launch event is scheduled for May 22nd, where Xiaomi will unveil an array of groundbreaking products. These include the Xiaomi Xuanjie o1 chip, leveraging second-generation 3nm technology, the Xiaomi 15S Pro smartphone, the Xiaomi Pad 7 Ultra, and the company's maiden foray into the automotive sector with the Xiaomi YU7 SUV. Notably, the Xiaomi Xuanjie o1 chip has commenced large-scale production and will be released in tandem with Xiaomi's flagship models. Since 2021, Xiaomi has reinvigorated its SoC chip business with ambitious plans to invest 50 billion yuan in research and development over the next ten years.
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