Qualcomm Inc. has unveiled a new smartphone processor that aims to enhance mobile devices with laptop-level capabilities, particularly in leveraging advanced artificial intelligence tools.

The latest addition to the Snapdragon lineup features Qualcomm's proprietary Oryon processor design, which promises a significant performance boost. The new chip is said to be 45% faster than its predecessor while also being more energy-efficient.

This move represents a strategic shift for Qualcomm as it looks to strengthen its position in the competitive smartphone market by integrating cutting-edge technology into its products. The announcement was made during an event held in Hawaii, showcasing the company's commitment to innovation in mobile processing power.