The Redmi K50 series is set to debut next month. A new leak has now revealed what chipsets will power the different phones in the lineup, and things are looking up, with the least powerful chipset apparently being the capable Snapdragon 870.
https://www.notebookcheck.net/Redmi-K50-series-to-feature-powerful-chipsets-ranging-from-the-Snapdragon-8-Gen-1-to-MediaTek-Dimensity-9000.594447.0.html