As the countdown clock ticks on for theNothing Phone 1 launch, more details are emerging about the phone.

However, according to a report fromInput Mag, the phone will use the midrange 778G+ Snapdragon chip.

Users should be able to expect a longer battery life and savings in cost and power.

The Nothing Phone 1 will launch on July 12 in the UK and throughout certain European markets.

The smartphone will run on its own Nothing OS and features atranslucent exteriorwith a dual rear camera.

Will the chip choice affect its ability to undercut its rivals in price and performance?

That remains to be seen.

Tune in for the launch event on July 12 at 4 p.m. BST/11 a.m. ET/8 a.m. PT.