LG Electronics is apparently readying an update to its flagship Optimus G smartphone, which will be called Optimus G2, and be powered by Qualcomm’s latest processor.

According to reports based on a teaser video, the device will use a Snapdragon 800 processor, making it the second announced unit to do so after Sony Mobile’s Xperia Z Ultra. While details were not revealed, the Sony device has a quad-core 2.2GHz processor, putting it some way ahead of its competition.

As a flagship in the LG line, the device is likely to feature a large, full HD (1080p) screen, and LTE-Advanced support is also a possibility. So far, LTE-Advanced has only been commercially launched by SK Telecom of South Korea – also LG’s home market – but other operators are set to follow.

LG first announced Optimus G in August 2012 – meaning there will have been a one year gap between the two debuts. It launched in South Korea, the US, Canada and Japan shortly after, before moving to a wider global rollout early in 2013.

The unveiling of the Optimus G2 will be on 7 August 2013.