Hynix Semiconductor has developed the world's fastest and smallest one-gigabit mobile DRAM and will start mass production in the first quarter next year.

The new chip is mainly used in mobile phones, and is designed to consume just one-hundredth of electricity used by main memory chips in personal computers.

Demand for mobile DRAM chips has surged, as more mobile devices are getting smaller and faster with larger capacity.

Hynix said its new chip has a maximum speed of 200 megahertz and can process 1.6 gigabytes of data per second.