South Korean conglomerate LG has announced it will be preparing its own chip for the upcoming CES tradeshow, which looks to be part of a larger trend of companies (such as Samsung and Apple (NASDAQ:AAPL) bringing processor design in-house. In the following video, Motley Fool tech and telecom analyst Eric Bleeker discusses why this may not only impact these companies, but may actually affect the industry as a whole, as current smartphone chip producers such as Qualcomm (NASDAQ:QCOM) and NVIDIA (NASDAQ:NVDA) stand to lose business.

Eric Bleeker owns shares of NVIDIA. The Motley Fool owns shares of Apple and Qualcomm. Motley Fool newsletter services recommend Apple and NVIDIA. Try any of our Foolish newsletter services free for 30 days. We Fools may not all hold the same opinions, but we all believe that considering a diverse range of insights makes us better investors. The Motley Fool has a disclosure policy.