According to the WSJ, LG will begin using Nvidia Tegra 2 dual-core processors in upcoming smartphones, marking just the second time a company has agreed to use the chips in their mobile devices.

Currently, smartphones from Samsung, Motorola and others use processors from Qualcomm and Texas Instruments.

Microsoft's now-defunct Kin smartphones used the Tegra chips, but poor branding and marketing led to heinous sales of the devices. Microsoft's Zune HD media player uses the Tegra line, with excellent results.

The new deal should breathe new life into both companies, especially on the heels of LG announcing a loss for their mobile division for the first time in years.

More: http://www.afterdawn.com/news/article.cfm/2010/08/20/lg_to_bring_nvidia_tegra_2_chips_to_smartphones