27 April 2019
Xiaomi is reportedly forming a new subsidiary that will focus on the research and development (R&D) of chipset solutions in AIoT applications such as smart speakers. Xiaomi will also restructure its chipset subsidiary called Pinecone which it launched back in 2014. Part of the team of its Pincone will be shifted to Xiaomi’s new company for AIoT. Xiaomi has reportedly named this new company Dayu, part of an RMB 10 billion ($1.5 billion) artificial intelligence of things (AIoT) initiative.
The new company Dayu will start raising funds independently, however, a number of investment firms had already expressed their interest.
Currently, there is no information on how Xiaomi wants to attain the big chunk of AIoT in the market. Or, what kind of chips we will see in the near future from its newly built Dayu.
Back in February 2018, Wang Xiang, Senior Vice President, Xiaomi told CNBC that the company is doing a lot of research on AI chips for smartphones. He said while the company is doing research, it hasn’t made a decision on whether to make one. But, going by the company’s new decision of forming a completely new company alludes that it’s now ready to give a shape to its research.
To the uninitiated ones, Xiaomi launched its first chipset Surge S1 processor back in 2017 that it employed in its mid-range Mi 5C smartphone. Note that Samsung and Huawei maintain a great portfolio of chipsets but now the focus has shifted to creating chips that enable better AI applications.
Xiang said during the brief talk with CNN,
The main purpose of doing our own chips is to learn the technology… deeper… we launched the first Surge-based smartphone… into the market. And we will continue to explore the technology and do the research. Not only the chipset, but also the AI and other related technologies.
We may get to know about plans happening at Dayu soon.