Xiaomi will release its own processor in 2016

As you know, the company became a co-owner of a little-known Chinese chipmaker Leadcore, and later she used them a budget solution LC1860C in its cheapest smartphone Redmi 2A.
Xiaomi will release its own processor in 2016
It is very likely that on the basis of Leadcore and creates chip brand Xiaomi. Moreover, according to a source, Xiaomi plans to use the chip in a low-budget Redmi series smartphones. On the other hand, nobody can deny that over time the capacity of their own chips will only increase.
Xiaomi will release its own processor in 2016
It is also reported that Xiaomi has acquired a full range of fixed licenses ARM. In addition, the company recently hired the former President of Qualcomm in China Wang Xiang, which should certainly help them in achieving the goal.