Xiaomi has gone beyond the usual price cutting that it employs for its entry-level phones, using a quad-core 1.6GHz Leadcore LC1860C chip. That is paired with the Mali T628 GPU. Looks-wise, the unnamed device resembles the Xiaomi Redmi 2, although the latter is driven by a 64-bit quad-core 1.2GHz Snapdragon 410 CPU and the Adreno 306 GPU.
Certainly Xiaomi finds itself in the enviable position of catching quite a buzz at the top-end of the market while still providing some decent products at the low-end. Xiaomi has made an investment in Leadcore which means that it has a supply of low priced chips at a price that will allow it to undercut many in this sector of the smartphone market.
source: MyDrivers (translated) via AndroidHeadlines