Google officially announced Android 5.0 Lollipop yesterday, which takes advantage of 64-bit processors such as the Tegra K1 chip in the new Nexus 9 and other devices. Samsung is also jumping in on the opportunity with its new 64-bit Exynos 7 Octa processor, which was just announced.

We don't typically see Samsung's Exynos chips in smartphones here in the U.S., where Qualcomm remains the dominant player, but there's a lot to like about this chip. It has four ARM Cortex A57 cores and another four ARM Cortex A53 cores that are designed for power efficiency. The chip will fire up various cores depending on the task at hand.

It's also built with support with up to 2560 x 1600-pixel displays in mind, which makes sense considering sharper resolutions are now appearing more and more often on new smartphones and tablets, and with an ARM Mali T-760 GPU that reportedly offers up to a 76 percent in graphics performance over earlier chips.

No word yet on when we'll see it hit the market in new smartphones, but it probably won't be too far off.