Processor manufacturer Texas Instruments (TI) today announced at Computex an update to it’s ARM based line of OMAP 4 chips, the OMAP 4470.

The OMAP 4470 has a clockspeed of 1.8 GHz, and it is powered by two 1-GHz ARM Cortex-A9 engines and two 266-MHz ARM Cortex-M3 cores. This is a noticeable upgrade from the OMAP 4460 processor, which is found in the Blackberry Playbook, that has a clockspeed of 1.5 GHz.

Remi El-Ouazzane, Vice President of TI’s OMAP division, said that the chip would be able to provide “fast and crisp Web browsing, HD and liquid UIs, support for the latest applications [which] are the elements consumers judge and buy their devices on.”

El-Ouazzane also mentioned that the chip would be able to provide stereoscopic 3D output and HD via HDMI.

One of the new features found in the OMAP 4470 is a hardware composition engine that takes some of the work of rendering the UI away from the GPU and thus increases battery life.

To take care of multimedia processing, the OMAP 4470 features a PowerVR SGX544 core that supports both DirectX and OpenGL. This chip is similar to the SGX543 found in the iPad 2, albeit the SGX544 is newer and more powerful. TI says that this chip was designed with powering the UIs of Windows 8 and the next generation of Android in mind.

This year’s Computex expo has proven to be a very competitive venue for chip manufacturers as AMD, Qualcomm, Nvidia, and Intel have all released processors geared towards mobile computing.

TI says it hopes to ship device manufacturers samples later this year, with the OMAP4470 slated to begin appearing in devices in early 2012.