Xiaomi has already launched phones based on Qualcomm's new top-end mobile processor, the Snapdragon 8 Gen 1. Now, the OEM is slated to start on the next tier down from the same chipmaker. A famous leaker claims to have uncovered a long list of code-names for new phones, including those that might launch with the new silicon.
https://www.notebookcheck.net/The-Redmi-Note-12-is-slated-to-debut-with-next-gen-Snapdragon-7-chipsets.595134.0.html