The UK-based mobile chip giant Arm announced a smaller, cheaper, more efficient Cortex-A7. It's efficiency is due in part to the 28nm process that makes it five times smaller than the current offerings like the Cortex-A8.
However that was not the biggest surprise, the new A7 can also be combined with much higher-power cores like the Cortex-A15 on the same chip. This will allow the processing unit to switch between two totally different processing units depending on how much power is needed at the time. Perhaps the least imaginative part is their name of “Big.LITTLE” computing,“