Just confirmed - we’re getting the U-series (little Phoenix).
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To compare both Ryzen CPUs: AMD Ryzen 5 7640U vs AMD Ryzen 7 7840U Benchmark, comparison and differences (cpu-monkey.com)
These processors support up to 256GB of DDR5… 
Potentially even more with 48gb sodimms starting to show up and probably bigger ones later in the cycle but 256 is already pretty good.
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Well, thats quite the euphemism. For a laptop its just insanely much, but cool none the less.