Taking a cue from smartphone makers like Huawei and Samsung who make their own processors, Chinese handset maker Oppo is now working to release its proprietary mobile chipset.

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The processor will be reportedly used to drive future Oppo models.

According to a trademark filed in EUIPO (European Union Intellectual Property Office), Oppo`s chip will be called Oppo M1. People familiar with the matter say that Oppo has hired engineers from Speadtrum as well as MediaTek to work on the M1 chip, GSMArena reported on Thursday.

Oppo is also working to offer 5G services on all smartphones in 2020 that can cost more than $420, which is roughly Rs 30,000.

Meanwhile, the Chinese smartphone maker is looking to make India a global export hub.