Integrated chip designer Qualcomm, whose products are in many wireless devices, is now talking about upcoming versions of their newly released Snapdragon ARM processor. Later this year they expect to make available a faster 1.5GHz dual core version of Snapdragon, likely in an effort to stay competitive with new offerings from NVIDIA and others.

Debuting earlier this month in Lenovo’s Skylight smartbook, as well as Google’s Nexus One smartphone, Qualcomm’s 1GHz Snapdragon processor is a formidable step up in the low power processor arena. Even before the Snapdragon was released, NVIDIA’s multimedia-friendly Tegra was a force to be reckoned with and NVIDIA isn’t just resting on their laurels.

NVIDIA recently announced details on their second generation Tegra 2 platform, which is rumored to take multimedia-centric PCs (not unlike the new Apple iPad) by storm later this year. Snapdragon is already behind the game with HD performance and it seems Flash as well, so they need something up their sleeves.

This will be an interesting year for new tech devices, that’s for sure.