China's Xiaomi climbs on new Xring chip launch, taps TSMC for production

Taiwan Semiconductor Manufacturing

25/08/2026 07:58

** Shares of Chinese conglomerate Xiaomi Corp 1810.HK climb 2.4% to HK$28.48, outpacing a 0.02% gain in the benchmark Hang Seng Index .HSI
** Xiaomi, a consumer electronics and EV company, unveiled a new version of its in-house Xring handset processor on Monday, betting that greater control over key components will strengthen its supply chain and reduce reliance on external chip suppliers
** TSMC 2330.TW will manufacture Xring O3 chip with its 3-nanometre production technology, according to two people familiar with the matter  
** YTD, stock down 28.7%, Hang Seng TECH Index .HSTECH  down 16.6%


 (Reporting by Donny Kwok)
 ((donny.kwok@thomsonreuters.com))