(Photo: A model shows LG Electronics Inc.'s long-term evolution (LTE) modem chips at LG Electronics Mobile Communication Technology Research Lab in Anyang, South Korea.)
Download speed is eight times that of the current fastest mobile phones.

The South Korean company unveiled the chip, created for a technology standard known as Long-Term Evolution, or LTE, at a research lab in Anyang, just outside Seoul, on Tuesday.
The so-called fourth generation technology, still under development, is vying with the rival WiMax standard to usher in super-fast Web browsing and downloads over mobile phones and other wireless devices.
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