The report says that the chipsets are aimed at the Chinese company's mid- to low-priced handsets adding that the first of these devices will be launched in the second half of this year. A team of 200-300 people is currently working on the project.
Xiaomi currently relies on Qualcomm and Mediatek for mobile chipsets. The report says the move will hit Mediatek hard as it supplies most of the company's mid- to low-priced smartphone chips - the number was around 20 million last year.
If the report turns out to be true, Xiaomi will become the fourth smartphone vendor after Apple, Samsung, and Huawei to enter the mobile chipset market.
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