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Semiconductors

Huawei rival Xiaomi ramps up chip ambitions amid US pressure

Smartphone maker's investments reflect China's push to reduce foreign dependence

TAIPEI -- Leading Chinese smartphone maker Xiaomi is ramping up its investment in chips as the U.S. clampdown on compatriot Huawei Technologies spurs a national campaign to reduce China's reliance on foreign technology.

Xiaomi bought or significantly increased stakes in at least 34 Chinese chip-related companies from 2019 through this March, a Nikkei Asia analysis of business data shows. It also added stakes in nearly 25 other tech hardware companies beyond semiconductors. The targets include chip developers and chip equipment makers, startups as well as makers of advanced displays, camera lenses and automation and precision equipment.

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