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When it leaks, it pours. At least that's the case with the Nothing Phone 1, the first-ever smartphone from new Carl Pei (OnePlus co-founder) startup Nothing.

Now, thanks to Input, which got the exclusive from Nothing, we know exactly which chip the Nothing Phone 1 one will have, and it sounds a bit disappointing: The mid-range Snapdragon 778G+ chip.

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This means that the Nothing Phone 1 won't be as powerful as the top phones from Samsung, Xiaomi, or even OnePlus, whose flagships typically have Qualcomm's most powerful chips (or something equivalent).

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This doesn't have to be all bad, though. First, note the "+" in the Qualcomm Snapdragon 778G+ name. It means that the Nothing Phone 1 gets a few extra features compared to phones which sport the regular Snapdragon 778G chip, including wireless charging and reverse wireless charging (we already knew the phone comes with wireless charging thanks to this image).

SEE ALSO:Carl Pei's Nothing gives us a glimpse of its first smartphone

Also, the inclusion of a mid-range chip means that the Nothing Phone 1 will likely be cheaper than your typical smartphone flagship.

Now, we don't know how the Phone 1 will perform. But we do know it'll run on a custom-tuned version of Android. If Nothing does its job well, the phone could be pretty snappy, even with a mid-range chip, and if the price is right, that could make it a winner.

The Nothing Phone 1 will officially launch on July 12, which should stop the endless rumors and give us all the facts about the device.