Smartphones hold most of our lives now in photos, videos, music, and more, and Samsung's latest tech will make it so they can store even more. The Korean manufacturer announced that it has created the first 1TB embedded Universal Flash Storage (eUFS) chip for smartphones, which will allow future handsets to have internal storage capacities similar to those of laptops.

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Samsung officially debuts Galaxy S10 smartphone after weeks of rumors, leaks View more stories "The 1TB eUFS is expected to play a critical role in bringing a more notebook-like user experience to the next generation of mobile devices," said Cheol Choi, executive vice president of Memory Sales and Marketing at Samsung.

Samsung has already begun mass-producing the chip, which it claims has read speeds of up to 1,000Mbps—nearly twice the sequential read speed of a typical 2.5-inch SATA SSD and faster than Samsung's previous 512GB chip. A device with the 1TB chip can reportedly store 260 10-minute, 4K videos—a massive amount that dwarfs the capabilities of current smartphones with lower-capacity eUFS chips. The 1TB chips will also have the same package size as its 512GB counterpart, so smartphones won't need to get larger to accommodate the chips.

Samsung's newest smartphone, the Galaxy Note 9, maxes out at 512GB of internal storage. However, users can insert a 512GB microSD card to increase the smartphone's overall storage to 1TB. But with these new chips, those who demand more and more storage and don't want to spring for an extra SD card will have an additional (and likely expensive) option.

Even though mass-production is already underway, there's no word yet on when smartphones will include these new 1TB Samsung chips. However, there are rumors that Samsung could put the new chip in its upcoming Galaxy S10 smartphone—and that device is expected to be revealed next month.