Update: Market Chatter: Taiwan Semiconductor, Xiaomi Team Up to Produce Smartphone Chips

04:44 AM EDT, 08/25/2026 (MT Newswires) -- (Updates with Taiwan Semiconductor's response in the fourth paragraph.) Taiwan Semiconductor Manufacturing (TSM) is teaming up with Xiaomi to make a new version of the Chinese smartphone maker's Xring handset processor, Reuters reported Monday, citing unnamed sources. Taiwan Semiconductor will manufacture the chip using its three-nanometer production technology, the report said. The chip is expected to power Xiaomi's soon-to-be-released folding phone, according to the report. Taiwan Semiconductor declined MT Newswires' request for comment, while Xiaomi didn't immediately respond. (Market Chatter news is derived from conversations with market professionals globally. This information is believed to be from reliable sources but may include rumor and speculation. Accuracy is not guaranteed.)