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If you thought the 1GHz ARM-based processors showing up in smartphones like the Droid X and Samsung Galaxy S are ridiculously fast for low power chips, you ain’t seen nothing yet. Computer World reports that chip maker Qualcomm is set to introduce its 1.5GHz dual core chips in the fourth quarter of 2010.

The new QSD8672 chip is designed for smartphones and tablets, and could show up in new products in time for this year’s holiday season.

The new chip are designed to offer improved power management and include features allowing one CPU core to idle while the other is working, which means you’ll get the dual core performance boost only when you need it — which could help prolong battery life.

Qualcomm is also building support for 1080p HD video playback and HDMI output into the new chip.

via Netbook News