Daiwa: Xiaomi Corporation-W's chip strategy is similar to Apple's approach, maintaining a target price of HKD 65 with a rating of "Buy"
Daiwa released a research report stating that it maintains a target price of HKD 65 for Xiaomi Corporation-W and a "Buy" rating. Xiaomi's new products include the new Xuan Ring O1 3nm flagship processor, the new flagship Xiaomi 15S Pro, and Xiaomi Tablet 7 Ultra, as well as the new Xiaomi YU7 officially unveiled. Xiaomi's chip strategy focuses on internal use rather than external sales, aiming to establish a long-term competitive moat and achieve deep integration between hardware and software, similar to Apple's approach. Xiaomi will also double its long-term R&D investment, with an expected investment of RMB 30 billion in 2025, and an anticipated investment of RMB 200 billion from 2026 to 2030, along with an investment of RMB 13.5 billion to build a team of over 2,500 people (ranking among the top three in China), with at least RMB 50 billion allocated for chip R&D
According to the Zhitong Finance APP, Daiwa released a research report stating that it maintains a target price of HKD 65 for Xiaomi Corporation-W and a "Buy" rating. Xiaomi's new products include the all-new Xuanjie O1 3nm flagship processor, the all-new flagship Xiaomi 15S Pro, Xiaomi Pad 7 Ultra, and the official debut of the all-new Xiaomi YU7.
Xiaomi's chip strategy focuses on internal use rather than external sales, aiming to establish a long-term competitive moat and achieve deep integration between hardware and software, similar to Apple's approach. Xiaomi will also double its long-term R&D investment, with an expected investment of RMB 30 billion in 2025, RMB 200 billion from 2026 to 2030, and an investment of RMB 13.5 billion to build a team of over 2,500 people (ranking among the top three in China). Xiaomi has allocated at least RMB 50 billion for chip R&D
