Qualcomm has revealed that it is supplying the company with Snapdragon S4 Pro chips for an unannounced handset tipped to succeed the Optimus 4X HD as its flagship handset, CNET reports.
Earlier this week, it was rumoured that LG is working on a new high-end device dubbed the LG Optimus G with Qualcomm on board. The phone is expected to be released in Korea sometime next month.
Benchmark tests for Qualcomm's Snapdragon S4 Pro processors rank the chips ahead of the rival Tegra 3 and Exynos, meaning that the new handset will out-perform the likes of the Galaxy Nexus 7 tablet and Samsung Galaxy S3.
LG is also rumoured to be involved in the production of Apple's next iPhone, supplying ultra-thin display panels to the firm for its next generation device through its Display division.
LG will officially unveil its new smartphone at the IFA trade show in Berlin, which begins on August 29.