Recent reports indicate that Xiaomi has acquired about 6% of the Chinese chip design company, VeriSilicon Microelectronics.
Η This acquisition makes Xiaomi the fourth largest shareholder in the company. The Chinese smartphone maker is expanding over the years into the field of semiconductors.
Based in Shanghai, the VeriSilicon has research and development centers in the US and China. The main goal of the company is innovation in the semiconductor industry. Often, this company is the contractor of other chip companies to help them complete part of their semiconductor business.
At present, its expansion VeriSilicon Microelectronics goes on. The last round of financing of the company took place in June.
A document submitted by VeriSilicon Microelectronics revealed that Xiaomi became the second largest external shareholder in June this year, and Xiaomi confirmed the investment.
The latest data from IDC show that since the release of its first smartphone, Xiaomi has grown rapidly and became the fourth largest smartphone maker in the world in the first quarter of this year.
Xiaomi created a semiconductor division in 2014. Three years later, the company announced the first Surge S1 chip, but it has not been widely promoted.
Xiaomi will set up a subsidiary called Big Fish, focusing on creating chips for IoT devices.
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