Xiaomi is preparing a handful of interesting devices for an August launch event. One of them will be the Redmi K40 Ultra, a device tipped to be powered by MediaTek's latest and greatest while trading punches with OnePlus's upcoming mid-range phone, the OnePlus Nord 2.
https://www.notebookcheck.net/Redmi-K40-Ultra-set-to-do-battle-with-the-OnePlus-Nord-2-thanks-to-a-MediaTek-Dimensity-1200.549106.0.html