China's Xiaomi tells CNBC it's planning a yearly smartphone chip release and its own AI assistant for overseas

Xiaomi plans to release a new XRing smartphone chip every year, according to President Lu Weibing. This year marks the debut of their first chip, which will power devices in China and eventually overseas.

This move positions Xiaomi to compete with tech giants like Apple and Samsung, allowing for tighter integration of hardware and software. The company aims to enhance its product offerings with an AI assistant for international markets.

Looking ahead, Xiaomi will combine its XRing O1 chip, HyperOS, and AI assistant into one device this year, setting the stage for a significant expansion into global markets.