Google is expected to release a new version of its Nexus 7 tablet powered by Qualcomm's Snapdragon processor around July, Reuters reported today. Reuters' sources claim that the latest Nexus 7 tablet will have a higher screen resolution, a thinner bezel design and adopt Qualcomm's chip in place of Nvidia's Tegra 3, which was used in the first Nexus 7 released last year.

Asustek is expected to continue to co-brand with Google on the new Nexus 7. Google is aiming to ship as many as eight million of the new tablets in the second half of the year.

Google declined to comment on its new tablet.

Google introduced its first tablet last June to compete with 7-inch tablets offered by Amazon and Samsung Electronics, among others.

Apple is also expected to launch new iPads this year as well.