This means new phones from Samsung are going to be noticeably faster.
Announced by Dr. Stephen Woo, president of device solutions for Samsung, the processor includes two sets of four cores each. "It's also smart enough to save energy when running certain tasks, too," Woo said.
Samsung said it is focusing on three areas: processing, memory and display technology.
"There are more than 6 billion mobile devices in use and more than a half a billion smartphones sold. As users become more attached to devices, they become more sophisticated in their devices. They notice a difference in weight, size and form factor."
What is driving these advancements? Their components," Woo said to a packed room. "As a consumer you don't think about components often, but that is okay ... if you want to see where the real action is and where the industry is going, you have to pull back that layer to where the magic happens. We believe the right component DNA drives innovation and discovery."
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Samsung unveiled at the 2013 International CES on Wednesday its latest processor for smartphones, the Exynos 5 Octa. The company says this new processor delivers twice the performance of its predecessor, Samsung's Exynos 4 Quad. This means new phones from Samsung are going to be noticeably faster.