In September 2020, it was reported that Qualcomm would launch the Snapdragon 775G in early 2021. Alleged the benchmark results indicated that the chip would be as good as last year’s Snapdragon 865. XDA Developers now there’s more on SoC, courtesy of a telegram channel.
According to an apparently legitimate internal document, the Snapdragon 775 (SM7350) will be built on the same 5 nm process as the main Snapdragon 888. Needless to say, this would result in huge performance and efficiency gains over the Snapdragon 765G, as it is based on 7nm technology.

This is not the most up-to-date version of the document and the actual specifications may differ slightly. Still, as XDA Developers independently verified its authenticity, the Snapdragon 775 is almost certainly a 5 nm chip. This increases the likelihood of bringing high-level performance to 5G-ready middlemen. Xiaomi may be one of the first manufacturers to use the new chip.