The Redmi K30 Ultra comes with the MediaTek Dimensity 1000+ instead of a Qualcomm SoC; the former offers a lot of performance for a budget mid-range phone. In some benchmarks, the K30 Ultra outclasses the smartphone competition, especially in the graphics tests.
https://www.notebookcheck.net/Xiaomi-outclasses-the-test-competition-again-with-the-Redmi-K30-Ultra.499285.0.html
Redmi K30 Ultra is definitely going to be one of the most strong and solid 5G powered phones available in the market. Dimensity 1000+ is really power packed in terms of specs and performance.