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Qualcomm's new Snapdragon 768G processor gives 5G boost to midrange phones

The new chips should offer a gaming boost while being more affordable than the company's flagship Snapdragon 865 processor.

Qualcomm's new Snapdragon 768G processor looks to be a step up for midtier devices. 

Qualcomm has a new processor that should provide a performance boost for some nonflagship phones. On Monday the chipmaker introduced its latest chip, the Snapdragon 768G, which should deliver better performance on midrange phones. 

The company says that the new chip, which has a 2.8GHz clock speed compared to the 2.4GHz speed found on last year's Snapdragon 765G, will offer "up to 15% performance improvement" on the older chip. 

As with the 765G, the processor has integrated Qualcomm's X52 modem and is capable of tapping into low-band, midband and millimeter-wave 5G. Max download speeds over 5G are 3.7 gigabits per second, and 1.2Gbps over 4G LTE. 

Also notable is the support for displays with a smoother 120Hz refresh rate, a trend that has become increasingly popular in 2020. The Samsung Galaxy S20 line and the OnePlus 8 Pro are just some of the devices that offer that improved display tech, with rumors recently circulating that Apple may add the feature to its next iPhones in the fall. 

The Xiaomi Redmi K30 Racing Edition, also announced Monday, will be the first phone available with the new processor. It goes on sale in China later this week for 2,000 yuan (roughly $280, £230 or AU$435).