Qualcomm's Snapdragon 8 Elite chip will power most of the flagship Android smartphones and foldables this year. The foldable version of the chip features a 7-core CPU cluster that reduces power consumption and heat generation.

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The lower-tier offering comes as Qualcomm is rumored to be working on midrange and overclocked Snapdragon 8 Elite variants.

Qualcomm introduced its Snapdragon 8 Elite mobile chipset in October last year, and the octa-core processor currently powers flagship devices from brands like Realme and OnePlus. Recently, the company quietly launched a new variant of the Snapdragon 8 Elite featuring seven cores.