In the third quarter of 2012, the Samsung Galaxy S3 accomplished quite the feat by becoming the highest selling smartphone and beating out the Apple's iPhone.

Understandably, Samsung is adamant on continuing that trend and have begun work on its newest device, the Galaxy S4. In terms of their latest smartphone innovation, the South Korean company has now revealed a brand new smartphone memory chip slated to be included in the Galaxy S4. The latest chip is said to be 20 percent thinner than its predecessor, which may make Samsung's upcoming device the slimmest Galaxy mobile phone to date.

The chip possesses 64GB of memory and will switch from 20 to 10 nanometer technology, which is the reason for the size reduction. The latest move is a considerable upgrade from the Galaxy S3, as the performance of the chip will show a 30 percent improvement.

The other piece of information floating around about the S4 is that it will come with a redesigned quad-core Exynos 5450 processor, which will be at 2 GHz. 

The Christian Post noted that the Galaxy S4 will also have a 13-megapixel camera, which came from "information derived from a document that surfaced on the internet this week." 

Samsung's future smartphone may come equipped with a 5-inch screen that has 440ppi, making it 110 pixels-per-inch better than Apple's iPhone 5 with retina display, according to Press Blue. The Galaxy S4 will also be a full 1080p HD.

Tech analysis projects that Samsung will reveal the Galaxy S4 at the 2013 Mobile World Congress in Barcelona in February of 2013. However, it's a strong possibility that Samsung may want to roll out the device through its very own event, which would mean soon after the World Congress gathering.