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.
China will implement mobile number portability (MNP) nationally this year, after nine years of trails.
SoundAI provides critical voice interaction tech for many of China’s leading smart speaker players.
Huawei, Xiaomi, and ZTE have already launched their 5G smartphones in China.
Oppo aims to take on smartphone makers Huawei and Xiaomi, both of which have been increasing their focus on smart devices.
China has been looking to reduce its reliance on foreign technologies amide escalating trade tensions with the US.
The listing could take place in the second half of this year and bring in $20 billion for the tech titan.