(4) Xiaomi bought Lian Xin and set up a Pinecone Team to design the surging chip. To put it bluntly, he hopes to reduce his dependence on Qualcomm, so that his output will not depend on Qualcomm's face. However, the overseas financing framework agreement of Xiaomi VIE includes Qualcomm's equity participation, and it can also be said that Qualcomm is one of the bosses behind Xiaomi Overseas. In order to get more chips from Qualcomm and increase production, Xiaomi will certainly try to maintain the reputation of Qualcomm chips, and at the same time work for the boss behind it. At present, only a few companies, such as Qualcomm, Huawei, MediaTek and Intel, have baseband technology, and even Apple has difficulty in customer service. Baseband is a standardized code set of network access specification, and the technology behind it is very complicated. If there is no baseband technology, even if there are chips, companies with baseband technology will have to pay.