On Tuesday, in Anyang, South Korea, LG Electronics took a strong position in battling the top manufacturers in the mobile business by officially unveiling to the public its new LTE chipset for mobiles. These 4G connectivity mobiles are said to be the first such phones ever created, and are set to bring profitable network opportunities.

The new technology is very interesting and will probably cause a massive stir, should we consider the fact that its manufacturers are claiming that the downloading speeds these chips are going to support will be of 100MB/s, while the uploading one will reach about 50MB/s. Moreover, LG has already demonstrated in one of its labs in Korea that these chips could already reach speeds of 60MB/s down and 20MB/s up.

After these demonstrations, the LG officials ventured to say that those who would be downloading using this technology would be able to save a 700MB movie, for example, in less than a minute, while still streaming four other high-definition films.

Also, the officials have stated that this new discovery is only natural since the need and demand for faster and higher downloading speeds has been increasing constantly, and clients are looking for more advanced capabilities regarding the Internet, or simply to watch videos and listen to music.

Ahn Seung-kwon, chief of LG's handset business, stated the following regarding the implications and the support this technology is receiving, "LG will strengthen talks with traditional partners Verizon Wireless and T-Mobile for the possible expansion of devices with LTE technology. [...] The time is still not on our side for LTE expansion, with the industry's mainstream 3G wireless networks available on a global basis".

Although many firms are interested in the development of this technology, and important companies have announced that they are going to back up LG's invention, such mobiles are definitely not around the corner.

Actually, the expectancy for the release of mobiles equipped with LTE chipsets is sometime around the year 2010, only if this technology becomes a widely supported standard, and also if the networks evolve and are well implemented.

Other companies express their interest, as Ben Wolff, CEO of Clearwire, declared, "If LTE truly becomes a global standard, as WiMAX has, Clearwire will be well positioned to provide LTE".