MediaTek has launched a new addition to its Dimensity series of mobile processors. This 700 chipset is based on a 7 nanometer process and has 8 cores with a maximum speed of 2.2GHz. It supports LP-DDR4X RAM, UFS 2.2 storage and dual-sim 5G. Therefore, the OEM asserts it is an excellent choice for the "mainstream" phones of the near future.
https://www.notebookcheck.net/MediaTek-announces-the-Dimensity-700-a-5G-chipset-for-next-gen-mid-range-phones.503607.0.html