Xiaomi’s chipset division shifts focus from smartphones to IoT gadgets

Xiaomi’s chipset division shifts focus from smartphones to IoT gadgets
ôîòî ïîêàçàíî ñ : thenextweb.com

2019-4-5 09:26

Chinese hardware giant Xiaomi is spinning off a part of its China-based Pinecone chipset division into a new company called Dayu (which translates to ‘big fish’ in Mandarin). It will focus on research and development of AI-based IoT (AIoT) chips for connected gadgets.

The remaining part of the Pinecone team will still work on mobile processors within Xiaomi. This is part of Xiaomi‘s $1. 5 billion AIoT initiative, which was announced back in January, and should help it accelerate development of its smart gadgets. Notably, the company’s IoT and lifestyle devices portfolio registered 86. 9 percent year-on-year growth for the last financial…

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