Apple may opt to use a chip provided by Qualcomm and manufactured by Taiwan Semiconductor Manufacturing Company (TSMC) for its rumored low-cost iPhone, according to a new report. The rumor suggests a major shift from Apple's standard practice of using its own A-branded processors, such as the A5 or A6 chips.

Friday's report is courtesy of China Times, which said that the move is an effort to save costs wherever possible on the lower-end iPhone, which will allegedly pack support for 3G networks instead of 4G LTE networks. That makes a lot of sense considering Apple's desired expansion into emerging markets, especially if one is to consider that the device will need to run on China Mobile's 3G TD-SCDMA network.

The Qualcomm processor will allegedly pack Snapdragon branding and will only offer a single core solution. The low-cost iPhone rumors are starting to fall into place, if this report is true, since Apple couldn't simply drop the price of the iPhone 4S and iPhone 5 and expect to sell it on China Mobile — the processors in those phones do not currently support that carrier's proprietary network.