Qualcomm reportedly prepping 8-core, 64-bit CPU

|About: Qualcomm Inc. (QCOM)|By:, SA News Editor

Two Chinese sites report Qualcomm (QCOM +1.3%) is working on an 8-core, 64-bit mobile processor (the Snapdragon 810) that would act as its new flagship. The cores are reportedly clocked at 2.5GHz. apiece, and to be accompanied by a next-gen GPU (the Adreno 430).

Two versions are said to be planned - a smartphone-focused chip with an integrated baseband modem, and a tablet-focused chip with no baseband.

It was just two months ago Qualcomm announced its latest flagship, the quad-core Snapdragon 805.; the chip will reportedly be used in certain variants of Samsung's Galaxy S5. But Qualcomm has been expected to launch a high-end 64-bit part following the arrival of Apple's A7, and both Intel (Bay Trail/Merrifield) and Nvidia (Tegra K1) have stepped up their high-end challenges.

Shares moved higher again today following Qualcomm's mixed results and guidance. In addition to improving cost controls, the Street is pleased with Qualcomm's aggressive buyback activity ($1B spent in FQ1), and the fact the company kept its FY14 3G/4G device ASP guidance unchanged at $216-$230 in spite of an ongoing mix shift towards emerging markets.