Qualcomm will be announcing two new Snapdragon processors during their event in May this year. As per usual, the company launches new processors every year where one of them will be their premium processor mostly used for high-end smartphones.

The Snapdragon 660, 630 and 635 chips are expected to be unveiled at the event as per sources.Their current flagship chip is the Snapdragon 835 10nm processors that they built in collaboration with South Korean manufacturer Samsung.

According to reports from GSMArena, the Qualcomm Snapdragon 660 processor will replace the existing 652 chip. The news was apparently leaked by two Twitter profiles. All the three new processors will be launched during the same event on May. 09.

The Snapdragon 660 chips happen to be a bit more powerful than the existing 652 processor but is more efficient and offers much better performance as noted from DroidHolic. The new processor is based on an octa-core architecture featuring Kryo 280 cores, same as the Snapdragon 835 chips from the manufacturer.

While the latter is based on 10 nm manufacturing processors, the new Snapdragon 660 is a 14nm chip. Qualcomm will also unveil a new GPU lineup in the same event. The report indicates that Adreno 512 will be the successor to Adreno 510 while Adreno 530 will be replaced by Adreno 540. There are a lot of smartphone makers who're waiting for Qualcomm to release the new set of processors and graphics chips.

With the new Snapdragon processors, the smartphone industry can expect to see a surge in the release of new devices in the markets.  Qualcomm recently lost a lawsuit filed by Blackberry where they alleged that the company had been overpaid with royalties. The latter won the case with reports estimating the case worth to be $815 Million.  The company is also actively seeking to impose a ban on importing Apple iPhones into the United States. Reports indicate that Qualcomm's move is due to unpaid licensing fees from Apple.