Rumoured: Xiaomi to abandon Qualcomm for in-house processor

According to reports, Chin-based smartphone maker Xiaomi is planning to start building its own in-house processors for its smartphones in 2016.

Xiaomi is one of the largest smartphone makes in China and currently utilises Qualcomm chips in its handset. Xiaomi has Qualcomm's Snapdragon 810 in its phone, Redmi Note Pro, and the earlier Snapdragon 615 in its mid-range Mi4i.  However, the company has already switched to Mediatek processors in its newest phones, like the Redmi Note  2.

Making their own processor would let Xiaomi take their production prices even lower and maximise their profits, but it could spell disaster for Qualcomm, who reported a major decline in their last quarterly profits. Not to mention that another major smartphone maker, Samsung, has already abandoned the Snapdragon line for it's own processors in its new flagships.