Xiaomi is one of the few manufacturers with its own in-house semiconductor business. The wholly-owned Songguo Electronics is best known for its Surge S1 chip which powers the Mi 5C. Latest reports say Xiaomi has restructured the business and has even formed another company too.
According to an internal memo, the restructuring has led to some of the teams splitting up to set up a new company called Nanjing Big Fish Semiconductor. Xiaomi is said to have a 25% stake in the new company while the teams that formed the business own 75%. Nanjing will focus on research and development of AI and IoT chips and solutions while Songguo will continue to develop mobile phone SoC chips and AI chips.
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Read the full article at: https://www.gizmochina.com/2019/04/03/xiaomi-restructures-songguo-semi-conductor-business-sets-up-a-new-company-too/