Samsung has unveiled its answer to Qualcomm’s recently launched Snapdragon 820 processor – a new premium chip dubbed the Exynos 8 Octa 8890.

According to the company, the new integrated single-chip solution will unlock a “new level of performance” for the next generation of mobile devices. The Exynos 8 Octa specs include a one-chip design with a CPU based on 64-bit ARMv8 architecture and an LTE Rel.12 Cat.12/13 modem. Samsung has touted the device as getting 30 percent more performance alongside 10 percent more power efficiency.

“The Exynos 8 Octa is a leading-edge application processor for next-generation mobile devices that incorporates Samsung’s mobile technology leadership in CPU, ISP, and modem as well as process technology,” said Samsung’s vice president of System LSI marketing Kyushik Hong. “With our custom designed CPU cores and the industry’s most advanced LTE modem, consumers using mobile devices with the Exynos 8 Octa will experience a new level of mobile computing.”

When paired with carrier aggregation, Samsung said the Exynos 8 Octa’s new modem will enable devices to achieve a maximum download speed of 600 Mbps and a maximum upload speed of 150 Mbps. Additionally, the chip offers ARM’s latest GPU, Mali-T880 to provide a “graphic-intensive” interface well suited to 3D gaming and virtual reality experiences.

Though Samsung generally has not used its own chips in the Galaxy lineup, it is possible the company could choose to use the new Exynos 8 Octa over the traditional Qualcomm processor in the future.

Samsung said it plans to begin mass production of the new chip in late 2015.