This disclosure describes systems, methods, and devices related to efficient concurrent multichannel discovery and reception. A device may determine high performance communications circuitry and low performance communications circuitry within a first component of the device. The device may determine one or more high power radio frequency (RF) chains associated with at least one of a high frequency band or a low frequency band. The device may determine one or more low power RF chains associated with at least one of the high frequency band or the low frequency band. The device may perform a first operation with the high performance communications circuitry using a dynamically selected one of the one or more high power RF chains or the one or more low power RF chains and a second operation with the low performance communications circuitry using a dynamically selected one of the one or more low power RF chains or the one or more high power RF chains, wherein the dynamic selection is based at least in part on a use case, and wherein the first operation and the second operation are performed concurrently.