An announcement has stated a new processor that is destined for mobile devices will offer better graphics than the Xbox 360 and the Playstation 3. Jen-Hsun Huang added while the chip outperformed last-gen consoles, it requires only 5% of their power.

The Tegra K1 features 192 GPU cores based on the Kepler technology and will be released in two variants: a quad-core Cortex A15 designed by ARM; the second with NVidia's upcoming dual-core Denver CPU, which is a based on the 64-bit ARM V8 architecture.

Offering a 64-bit CPU means the chip could be used in high-end mobile devices that require more RAM than a 32-bit counter-part can handle.

Mr Huang claimed the GPU cores in its chip meant the Tegra K1 would be three times more powerful than the A7 according to the GFXBench 3.0 Manhattan test.

Mr Huang told the press conference that the Tegra K1 would also be targeted at car manufacturers wishing to introduce processor-intensive self-drive facilities.

"You'll have a supercomputer in your car," he stated.

The 32-bit version of the Tegra K1 is to appear in devices before mid-2014 and the 64-bit version by the end of the year.