Xiaomi founder and chief executive Lei June on July 14 held a meeting with Samsung Electronics executives, including Jeon Young-hyun, the company’s memory chip division chief, at the headquarters in Suwon, Gyeonggi Province.

According to industry sources, the CEO discussed ways to use Samsung’s high-density memory chips for its premium smartphones, including the upcoming Mi Note 2 phablet.

Xiaomi, dubbed as “China’s Apple,” topped the Chinese smartphone market in 2014 with budget devices. But in recent years the company has dropped to the third place as it has failed to appeal to high-end users.

The Mi Note 2, featuring a curved display screen, is targeting the premium market. The company has poured resources into securing memory chips and organic light-emitting diode panels from global suppliers, including Samsung, the market leader.

By: DocMemory
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