Lei Jun responded that Xiaomi is called an "assembly factory": The investment in R&D and strength are quite strong, but the key depends on its own growth.

On November 29, Lei Jun, founder, chairman and CEO of Xiaomi Group, delivered a speech at the 130th anniversary of Wuhan University. Lei Jun mentioned in his speech that many people still have misunderstandings about Xiaomi. Some people always say, "Xiaomi is just an assembly plant. Xiaomi invests little in R&D and has no core technology."

In response, Lei Jun said that overall, Xiaomi does still have a certain gap compared with the world's top technology companies. But as a company that has been around for 13 years, Xiaomi’s investment and strength in research and development are still quite strong. In the past five years, Xiaomi's R&D investment has a compound annual growth rate of 38.4%. In 2022, Xiaomi invested 16.2 billion yuan in R&D, and it is expected to reach 20 billion yuan in 2023. In the next five years, it will invest more than 100 billion yuan in technology research and development.

Lei Jun also mentioned that 5G standard patents are the strengths of communication equipment manufacturers, and they need to be accumulated and accumulated over the years. But even so, in this year's "Ranking of Valid Global Patent Family Companies with 5G Standard Essential Patent Declarations" released by the China Academy of Information and Communications Technology, Huawei is the world's largest, accounting for 14%; while Xiaomi's patents account for 4.1%, and it has entered the top ten in the world.

Lei Jun said that he had also been worried about misunderstandings. Later, he figured it out. There was no need to worry. The key was to look at his own growth. He believes that as Xiaomi continues to increase its investment in research and development and becomes stronger and stronger, Xiaomi will definitely be able to win everyone's trust and recognition by relying on its continuous growth.