Sticking two fingers up at its rival MediaTek, Qualcomm has built a 28-nm chip for the entry-level market. It has based around a 1.1 GHz quad-core Cortex-A7 CPU, Adreno 300-series GPU, supports up to 8 megapixel cameras, and has a resolution of up to 720p. Not huge but you are trying to watch a movie on a screen the size of a beer mat.
It supports HD Video with high efficiency video coding support and supports the usual USB, Bluetooth, single-stream 802.11n WiFi, and NFC standards.
Qualcomm claims this is the first LTE-Advanced chipset to target the sub-US$100 phone category.
It is clear that Qualcomm wants to be the first of the starting blocks with this sort of technology. The world is slowly moving to LTE but most of it is happy with its 3G phones.