NVIDIA Tegra 4 mobile processor with quad-core CPU.
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Nvidia Tegra K1.
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It has a NVIDIA Tegra 250 T20 Harmony and 512 MB of RAM.
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The performance is handled by a NVIDIA Tegra 3 AP37 SoC, which makes the phone fairly powerful.
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It is the world's first tablet to use the Nvidia Tegra K1 SoC, presented by Nvidia as a real revolution
for mobile technology.
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Over time Xiaomi
has adopted every type of CPU going from Tegra K1 to Intel X5
and then to MediaTek MT8176 up to the solution offered by Qualcomm.
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It will be packing a quad-core Tegra 3 processor and a 7-inch touch screen,
which leads me to believe it is targeted at the Kindle Fire and not the iPad.