Intel has announced its next-generation Thunderbolt technology, which allows for the connection of external peripherals to a computer at insane speeds. The new technology, codenamed Falcon Ridge, is set to go into production sometime in 2014. 

Falcon Ridge boasts some impressive speeds, allowing for a transfer rate of 20 Gbps between both devices, versus the 10 Gbps that was featured in the last iteration of the technology. Intel announced that Thunderbolt currently boasts about 200 licensees with other company's using the technology, Engadget noted from Intel's announcement.

Backward compatibility with Falcon Ridge will also be present, letting older devices work on the new standard when it hits in 2014, even though speeds will be stuck at 10Gbps. 

Past the wicked fast speeds, Falcon Ridge will have 4K video file transfer and display capabilities all while running file transfers simultaneously at 20 Gbps. As noted by 9to5mac, 4K support could lead to Apple releasing an iMac with a Retina display in 2014 thanks to the extra processing power.

Intel hasn't detailed potential devices or peripherals for Falcon Ridge, but you bet we'll be watching for the latest.