The handset maker joins Huawei in setting up a subsidiary in Tampere, where Nokia is also located.
Xiaomi will hold 25% of the new chipmaking subsidiary, with the balance to be held by company employees.
Huawei has shifted its focus to consumer businesses, and needs to catch up in building out a supportive ecosystem.
Wall Street Journal’s Jacky Wong discusses China’s new technology board and the implications for investors, companies and China’s capital markets.
Oppo aims to take on smartphone makers Huawei and Xiaomi, both of which have been increasing their focus on smart devices.
The race to deliver 5G smartphones is on as companies eye fresh opportunities in a saturated smartphone market.