The Google Pixel 5 midrange 5G chipset may be Qualcomm's new Snapdragon 768G

The fact of the matter is that phones with 5G connectivity are expensive, and those with the flagship Snapdragon 865 even more so. The reasons vary, but in a nutshell you need to get a separate X55 modem from Qualcomm to use the 865 in your phone, and pay for a bunch of extra antennas if you want your handset to support the fast mmWave 5G networks like Verizon's.
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