Mass production is set for next year, with smartphones using the chip expected in 2025.
This decision could prove catastrophic for Qualcomm, given their dependence on Arm's license to manufacture chips for phones, laptops, and automotives.
The chipmaker claims that the chip provides up to a 40% increase in GPU performance and up to a 45% improvement in CPU performance.
Qualcomm listed 64 different chipsets affected by this vulnerability, including flagship chips such as 8 Gen 1.
Leaked promotional material for the Xiaomi 15 indicates that the flagship chip will adopt the naming convention used for the company's laptop chips.
Qualcomm reportedly considered acquiring parts of Intel's design business, including the PC design division.
The company said the new chip will reduce the cost of entry-level Copilot+ PCs.