Xiaomi unveils first in-house chipset

Xiaomi Corp unveiled its first in-house chipset on Tuesday, making it the second Chinese smartphone vendor, after Huawei Technologies Co Ltd, to master the core chip designing technology

It is also part of China's broad efforts to reduce its reliance on foreign technology, given that Xiaomi's expansion into the chip sector was partly funded by the Chinese government.

Surge S1, the new chip, combines four powerful and four efficient cores which can help strike a balance of performance and power efficiency, the company said.