Samsung's next flagship smartphone, the Galaxy S III, will be powered by the company's own chipset, decreasing the company's dependence on chipmaker Qualcomm.

"Samsung's single-chip solution is a combination of long-term evolution (LTE), telecommunications and W-CDMA functions," a high-ranking company executive told The The Korean Times

"We don't think there will be big technology-related problems as we have already tested our telecommunications chips in some smartphones and tablets for consumers in North America. Also, Google's first reference mobile, the Galaxy Nexus, is using Samsung's telecom chips," said the executive.

"Samsung has a stronger intent to lower its dependence on Qualcomm and our technicians believe that we have made significant progress in producing logic-based chips for high-end devices, combined logic and memory chips for graphic controllers and core communication chips for Internet-enabled consumer devices," said the executive.

Samsung has a cross-licensing deal with Qualcomm until 2024 to use the U.S. firm's single-chip solutions.

The new Exynos 5 is reportedly a 32nm (low-power HKMG (high-k metal gate, High-K Metal Gate process) A15 core chip sporting an ARM Mali T-604 MP4 GPU. The chip will run at up to 2.0 GHz, two CPU cores, four GPU cores, and 64-bit memory up to 1600MHz. Samsung said that in terms of performance, the Exynos 5 gives up to 26 percent more than the current 45-nanometer chip, with battery life improved by half. The processor also supports ultra-high resolution WQXGA (2560 x 1600) displays. In addition, the 3D graphics processing speed of the new AP is four times higher than the Cortex-A9, by taking advantage of a 12.8GBytes/sec memory bandwidth. The processor also includes the Panel Self-Refresh (PSR) feature developed to save system power and further extend battery life in portable PC systems. PSR mode allows GPU to enter power saving state in between frame updates by including framebuffer memory in the display panel controller.

The chip will power the the Galaxy S II's successor.

Recently, Qualcomm launched its fifth-generation Gobi reference platform that seeks to pack support nearly all major worldwide mobile standards into a single chip. Based on the company's Gobi LTE wireless baseband modems, the MDM9615 and MDM9215 deliver fast LTE connectivity with backwards compatibility to both HSPA+ and EV-DO networks, Qualcomm claims.