The new chips can hit sequential read and write speeds of up to 2100MB/s and 1200MB/s respectively -- that's three times faster than the write speeds on previous eUFS 3.0 chips. Random read and write IOPS have been given a boost too, improving to 100,000 IOPS and 70,000 IOPS respectively. What does this actually mean in practice? According to Samsung, the chips could be used to save 8K videos without any buffering, while 100GB of data could be transferred onto smartphones with these chips in just 90 seconds.

Samsung says it's also working on 256GB and 128GB capacities for flagship smartphones, which will be launched later this year. This means that even if you don't go for the top-of-the-line model, you can still expect your phone to be a whole lot faster than it is now.