Qualcomm's CEO has confirmed that the company is working on a 1.5Ghz processor for the tablets and phones of tomorrow.

"We have a 1.5Ghz processor coming," Paul Jacobs confirmed at the company's Innovation Qualcomm (IQ) event in London before later confirming in a Q&A session that the company was sampling the chip for it to be commerically available by the first quarter in 2011. 

The news means that smartphone users can expect especially fast devices in 2011 and beyond.

The company also confirmed that will would definitely see Snapdragon 1.2Ghz devices in the year ahead in Europe alongside Snapdragon powered tablets.

Could we see something announced at Mobile World Congress 2011? Will Peter Chou, HTC's CEO use his keynote at MWC to launch a new HTC handset packing a 1.5GHz processor?

We will keep you posted.

The comments come as Qualcomm confirmed that it has over 1 billion 3G subscribers already. If you thought that was a big number, Jacobs also confirmed that the company is adding over 23 million subscribers to 3G in a range of different devices a month.

That number means that the company expects there to be a whopping 2.8 billion subscribers by 2014.