Researchers from the Korean Advanced Institute of Science and Technology (KAIST) have developed a new radio frequency chip capable of sending/receiving 10 gigabits per second.  That equates to a 4.7GB movie file that can be downloaded in 3.76 seconds.

Park Cheol Soon, the lead KAIST professor of the project, states the chip can be used in future smartphones and cameras, but can also replace cables and deliver cable/fiber optic speeds without the costly infrastructure.

The team claims the design of the chip and antenna has been made to be small (4mm tall and 6.6mm wide) for use in most mobile devices. The antenna itself is designed to transmit and receive data, rather than needed multiple antennae to perform the task, further reducing the size of the design.

For consumers, this means some really cool applications, imagine Google Fiber data transmission speeds without all the laying of wires and infrastructure in homes, or transferring a full 64 GB SD card wirelessly in mere seconds.