CPU acceleration status: HAXM must be updated

You will need to actually install the Intel HAXM in order to use it:

Windows

1. In your Android SDK folder, look in extras\intel\Hardware_Accelerated_Execution_Manager\
2. Run intelhaxm-android.exe 

Mac

1. Open the HAXM directory

   cd $ANDROID_HOME/extras/intel/Hardware_Accelerated_Execution_Manager
   

   or, if $ANDROID_HOME is not set (i.e. if you're getting an error " No such file or directory"), try

   cd /Users/$USER/Library/Android/sdk/extras/intel/Hardware_Accelerated_Execution_Manager
   

2. Run the installer:

   • Mount the HAXM *.dmg file, then run the *.mpkg contained inside it

   or

   • Execute $ ./silent_install.sh

Here is the tip, Just open the android studio and tools -> android SDK and you will see the SDK tools tab. you can select or update. If you see any update make sure you keep them up to date.

So very simple. In your VS > Android Tools > check and install the option > "Intel x86 Emulator Accelerator (XAHM installer)"

Goto Control Panel > Programs > Programs and Features.

Look for Intel Hardware Accelerated Execution Manager and check its version. In your case it should be 1.1.1 as seen from the error. Uninstall it.

Go to this link (https://software.intel.com/en-us/android/articles/intel-hardware-accelerated-execution-manager) to download the latest version.

Run silent_install.bat which will install Intel HAXM's latest version. Now your Emulator should be working fine.