After making great strides in the smartphone arena over the past year or so, Xiaomi is rumored to be gearing up for a debut in the tablet game. The company’s first tab effort could be called MiPad and see daylight in the fall for a modest starting price of $160.

xiaomi mi pad Xiaomi MiPad tablet rumored to pack quad core MediaTek MT8125 CPU

I’m probably not wrong in saying you wouldn’t expect a $160 slate to knock your socks off with its speed, but you would. Be wrong, that is, since rumor has it the MiPad will be powered by MediaTek’s brand new quad-core MT8125 processor.

Said CPU has only been introduced to the world in late May and is yet to make a commercial debut, so we know virtually nothing of its real-life performance. On paper however, it looks stupendous… for a low-cost chip.

True, it’s built on Cortex-A7, which doesn’t sound very fancy, but it can be clocked up to 1.5 GHz and comes with 1080p video encoding support, plus built-in Wi-Fi and 3G. Moreover, it’s to be paired with a PowerVR SGX544 GPU, which is part of the same Series 5XT family as iPhone 5 and iPad 4’s GPUs.

A flavor of this SGX544 can also be found inside the Exynos variant of the Samsung Galaxy S4, but of course, that doesn’t mean the Xiaomi slate will be as zippy as the GS4.

Sadly, the word about this MediaTek chip being inside the MiPad is far from official, plus we know next to nothing about the alleged 7-incher’s other specs. Heck, we don’t even know if it exists in the first place, but we can surely dream.

Via [GizChina]