The company said its newest premium-tier platform Snapdragon 8+ Gen 1 provides various power and performance enhancements on its previous top-tier chipset.

Among the upgraded features are a 10 percent speed boost and a 30 percent reduction in power consumption, and while mobile gaming, users can expect up to 60 extra minutes of gameplay. compared with its Snapdragon 8 Gen 1 chip.

Meanwhile, Snapdragon 7 Gen 1 offers a selection of high-end, in-demand features and technologies, and works for more people around the world, the company added.

Qualcomm is a global leader in the premium Android smartphone system on chip industry share, according to the latest findings from market research companies, including Counterpoint Research, International Data Corp, and Strategy Analytics.

Commercial smartphones sporting Qualcomm's latest chips are expected to be released in the coming months.

Christopher Patrick, senior vice president and general manager of mobile handsets at Qualcomm Technologies Inc, said, "In the mobile segment, our primary focus is to deliver new, groundbreaking features and technologies to the industry, and for our customers' flagship devices. We implement these features first in our Snapdragon 8-series, and then waterfall them down our mobile roadmap."

Qualcomm is also ramping up efforts to expand its presence in the automobile market. More than 30 auto models in China are now using chips from Qualcomm for smart car features.