Lei Jun underscored Xiaomi's unwavering commitment to technological innovation, emphasizing that late starters harbor immense potential. Commencing in 2014, Xiaomi embarked on a multi-year exploration journey, revitalizing its SoC initiative and unveiling the Xuanjie O1 chip, backed by a cumulative investment of RMB 13.5 billion. Despite confronting steep R&D expenditures and market hurdles, Lei Jun affirmed that Xiaomi is poised to persevere for at least a decade, investing over RMB 50 billion, to progressively advance and infuse fresh dynamism into the tech industry.
