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Qualcomm to build next-gen processor chip for $2 billion tech startup

Qualcomm says it will build a next-generation processor chip that it hopes will power smartphones and other devices.

In a statement, Qualcomm said the chip would be based on its Qualcomm Snapdragon S4 and that it would be a “premium” processor with a higher performance, lower power consumption, and lower power cost than the existing Snapdragon processors.

Qualcomm says it plans to start building the chip in the second half of the year.

The company says it has been developing the chip since 2013, and it will begin mass production by the end of the third quarter.

The company expects to have the chip ready to go in early 2019, with a prototype in hand by the first quarter of 2020.