Tang Jianguo, Chief Economist of the Beijing Municipal Bureau of Economy and Information Technology, announced that XIAOMI-W (01810.HK) +0.900 (+3.297%) Short selling $563.34M; Ratio 14.066% has successfully taped out China's first 3nm mobile system-on-chip (SoC) to be used in flagship smartphones, Chinese media reported.It is also rumored in the market that XIAOMI-W's self-developed first 3nm SoC has already entered the design and packaging stage.Related NewsBOCI Hikes XIAOMI-W TP to $36, Lifts 3Q Adj. NP Forecast to RMB6BPreviously, XIAOMI-W (01810.HK) +0.900 (+3.297%) Short selling $563.34M; Ratio 14.066% China's regional market deputy general manager and Redmi brand general manager, Wang Teng, wrote in an article that one of the reasons for the price increase of XIAOMI-W's flagship smartphones is the costs significantly raised by the adoption of the 3nm process.(HK stocks quote is delayed for at least 15 mins.Short Selling Data as at 2024-11-05 16:25.)