China's Xiaomi to use smartphone chips designed in-house - source

By Yimou Lee HONG KONG (Reuters) - China's most valuable start-up Xiaomi Inc [XTC.UL] is aiming to use smartphone processor chips designed in-house in some of its lower-priced handsets in the second half of this year, a source with direct knowledge of the matter told Reuters. The move would mark the first time that Xiaomi has used chips designed in-house, something analysts have said could put pressure on industry leaders such as Qualcomm Inc and MediaTek Inc , which supply the company. The in-h