Xiaomi says will invest $15 billion in R&D over the next 5 years

New Delhi: Smartphone brand Xiaomi has announced that it plans to invest over $15 billion in research and development (R&D) over the next five years, media reports said. According to GizmoChina, Xiaomi’s president and founder Lei Jun said that the company’s goals for investment in R&D over the next 5 years have been raised to 100 billion yuan (about $15 billion).

The report said the company’s previous announcement a few years ago had set the amount at 50 billion yuan, so the upgraded plans offer a full twofold increase.

The CEO further revealed under the same post that 22 billion yuan has been invested in the past two years and Xiaomi now has 16,000 engineers, which means things are going smoothly and as per plans, it added. has gone. He added that all this is being done to “live up to the expectations of Mi Fans”.

According to the report, investments are likely to play a major role in transforming the company into other businesses including smart home products and even electric vehicles.

Meanwhile, the brand recently announced that it will unveil the Xiaomi 11i HyperCharge smartphone with support for 120W fast-charging on January 6 in India. Xiaomi India Senior Marketing Manager Sandeep Sarma shared a poster on micro-blogging site Twitter that mentions that the 11i HyperCharge has a super bright AMOLED display that supports 1200 nits brightness.

Xiaomi 11i will be powered by HyperCharge Dimensity 920 chipset. It is likely to come equipped with a 4,500mAh battery with support for 120W fast-charging.

The smartphone is expected to sport a triple rear camera setup consisting of a 108MP primary camera, an 8MP ultrawide camera, and a 2MP telemacro triple camera unit. For photography, it will have a 16MP front-facing camera.