Xiaomi Chipset Department: Xiaomi split the chipset department out Focus on developing more hardware in the AI.
Xiaomi’s subsidiary Pinecone, who designed the Xiaomi S1 Surge S1 chipset, is going to upgrade the new organization, which will be split under the name Dayu (meaning big fish) to focus on developing chipsets that are enhanced with AI to support for IoT (Internet of Things) such as intelligent speakers And other intelligent devices etc.
In the past 2018, Xiaomi had almost double the revenue from the IoT department and grew 86.9% from the previous year while the smartphone market started to slow down. Therefore, it is necessary to think of a marketing plan that combines smartphones and IoT together.
In January 2019, Xiaomi passed a plan to invest about $ 1.5 billion. It has been over 5 years in the development of interconnected home IoT devices (Smart Home Ecosystems), which include products from grants to start-ups. It also integrates with IKEA and TCL.