No 3 Xiaomi's Pengpai S1

Chinese tech firm Xiaomi launched a chip, the Pengpai S1, wholly developed by its subsidiary Pine Cone Electronics, and a version of its flagship device the Mi 5c powered by the chip , on Feb 28, 2017.

Lei Jun, founder of Xiaomi, said the chip was developed with the goal of keeping a balance between performance and energy consumption.

Xiaomi became the fourth company in the world to manufacture the whole smartphone plus the chip after Apple, Samsung and Huawei.

Lei said technological innovation will help Xiaomi remain the "coolest company" to its Mi fans.

Lei Jun, founder and CEO of Xiaomi, introduces the Pengpai S1 chip at a launch ceremony in Beijing on Feb 28, 2017. [Photo provided to chinadaily.com.cn]