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Wang Teng Reaffirms No Rush to Apply Xring Chips on Redmi
Wang Teng, General Manager of XIAOMI-W (01810.HK)'s China Market Department and General Manager of the Redmi brand, released a video today addressing when Redmi will adopt the ...
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Wang Teng Reaffirms No Rush to Apply Xring Chips on Redmi
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Wang Teng, General Manager of XIAOMI-W (01810.HK)  -0.750 (-1.451%)    Short selling $1.62B; Ratio 15.488%   's China Market Department and General Manager of the Redmi brand, released a video today addressing when Redmi will adopt the Xring chip.

In the video, Wang confessed that this isn't something the team can rush. The initial investment in the XringO1 was as high as RMB13.5 billion, and the R&D costs were extremely high. If these costs are allocated to each individual chip, he stressed that the cost per chip would be even higher.
(HK stocks quote is delayed for at least 15 mins.Short Selling Data as at 2025-05-30 16:25.)

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