There is a launch event scheduled for May 20, and we might see the company announce two new chipsets. The event will be held at 8 pm Chinese local time on May 20 and is called Snapdragon Night While Qualcomm hasn't confirmed what exactly is coming our way, the company is expected to update its flagship processor, the Snapdragon 8 Gen 1 with a new Plus version. Qualcomm may also announce the Snapdragon 7 Gen 1 chip at the event. The Snapdragon 7 Gen 1 is going to be Qualcomm's first mid-range chip and is expected to power one of Oppo's upcoming devices, the Oppo Reno 8 series, which will launch on May 23 along with other mid-range 5 G devices to be launched this year.