🟢 Xiaomi is trading 4.11% up today after unveiling its 3nm Xring O3 smartphone processor

Xiaomi is trading 4.11% up at HK$28.90 after unveiling its in-house Xring O3 smartphone processor, made by TSMC using 3-nanometre technology.

• The chip aims to strengthen supply-chain control and reduce reliance on Qualcomm and MediaTek, launching in an upcoming flagship foldable phone.
• Reuters reported more Xring chips are in development for AI and autonomous driving.
• The move is company-specific; market data shows shares recently fell 4.14% on August 24 and gained 4.54% on August 21.