LG announces development of in-house mobile processors

LG is teaming up with TSMC to manufacture their own processors. LG has long used Qualcomm processors in their devices, but the move to design and build their own processors follows in the footsteps of Android rival Samsung, who has been manufacturing their own Exynos processors for years. Apple, too, has been designing their own processors, including the Apple A7 that powers the most recent generation iPhone 5s, iPad Air, and iPad Mini.

source: androidcentral