With the purpose of ending the dependence on Qualcomm for the development of cell phone processors, Xiaomi announced that it will begin its own design.

The Chinese technology giant takes a “firm step in the mobile industry to position itself as one of the few companies in the world that is capable of designing its own processors for the cell phones it already manufactures.”

This decision will end its dependence on foreign manufacturers such as Qualcomm and MediaTek. On the other hand, it will give it technological self-sufficiency.

According to the leaked information about Xiaomi’s project, the company will begin this design of its own processors in 2025, which it could also take advantage of “to improve other products in its wide catalog, such as tablets, IoT devices and, potentially, even its electric vehicles.”

M.Pino

Source: fayerwayer

(Reference image source: Andrey Matveev on Unsplash)

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La entrada Xiaomi to design its own processors for cell phones apareció primero en Bitfinance.

The Chemical and Mining Society of Chile (SQM) recorded a net profit of 585.5 million dollars in the 2021 financial year, which means multiplying by more than three times the profits recorded a year earlier, as reported by the company in its income statement.

The group’s CEO, Ricardo Ramos, explained that the good performance of 2021 is mainly due to the rise in commodity prices and a greater demand for lithium in the global market of approximately 55 %.

“We believe that demand for electric vehicles more than doubled globally last year compared to 2020, with China accounting for around 50 % of electric vehicle sales worldwide,” Ramos explained.

Increase in sales volumes

The higher sales volumes and prices of raw materials boosted the turnover of the lithium producer by 57.5%, to 2,862 million dollars. Revenues grew in the production of lithium and derivatives (+144 %), fertilizer products (+29.5 %), iodine and derivatives (+31 %) and potassium chloride and sulfate (+99 %).

The costs associated with production stood at 1,558 million dollars, 38 % more; resulting in a gross result of 1,090 million dollars, more than double that of 2020.

The CEO of the company has underlined that SQM expects to continue growing in lithium production, for which the board has approved a plan of 250 million to increase SQM’s capacity to 210,000 metric tons of lithium carbonate and 40,000 tons of lithium hydroxide.

Source: dpa

La entrada Lithium producer SQM obtains benefits over $ 585 million apareció primero en Bitfinance.