According to a statement released by Qualcomm, one of LG new quad-core smart phone will be powered by their latest chipset, the Snapdragon S4 Pro, which was first ran on the Xiaomi Mi-2 released last week. The following was the statement released by Qualcomm:
Qualcomm will supply the latest Snapdragon™ S4 Pro platform to LG, enabling LG’s new quad-core smartphone, which is currently in production with anticipated commercial availability in Korea in September and global rollout to follow. This smartphone will be the newest commercial and global device to offer a quad core CPU Snapdragon S4 processor along with 3G/LTE multi-mode capabilities, delivering a superior mobile experience for voice, web browsing, games, user interfaces and other graphics applications.
Source: Anandtech