Mobile device chipmaker Qualcomm will launch a more powerful mobile processor in Q1 2011. The upcoming 1.5GHz Snapdragon CPU will offer a 50% jump in processor speed over today’s 1GHz smartphone processors. The new processor will provide high-quality multimedia performance with 3D graphics, HD video, built-in GPS and more. A 1.5GHz dual-core Snapdragon will also help Android regain an edge in the high-end against Apple’s iPhone 4, which is now on par or ahead of most Android devices with its custom-designed but single-core A4 chip. Watch the video after the jump to get more details.