The Qualcomm 4G/5G Summit is currently underway in Hong Kong, with the mobile technology manufacturer showcasing its latest wares, as well as detailing its plans for the future. The newly unveiled X16 modem, is a little bit of both and marks the first product to work on the Gigabit LTE network. 

The X16 modem serves as a mobile hotspot and was designed in conjunction with Netgear and Ericsson. The trio also enlisted the help of Australian carrier, Telstra, which will provide the LTE network required for the modem to run. Qualcomm also stated that the X16 should be up and running on Gigabit LTE before the year's end. 

This Gigabit LTE network can theoretically support up to 1 Gbps speeds, which exceeds the current offering of 600 Mbps on Qualcomm's X12 modem. Along with the X16, Qualcomm adds that it is working on a series of mobile chips to succeed the current Snapdragon 821, and could debut them within the first half of 2017.   

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