Right after the announcement of Android P, Qualcomm announced that it is working with Google in order to release a new SoC for smartwatches with Wear OS (in case you do not know, Google has recently decided to rebrand Android Wear and now it is called Wear OS). It will be the successor of Snapdragon Wear 2100, but, unlike this SoC which was just a modified Snapdragon 400, it will be a brand new processor made from scratch and specifically based on Wear OS.
The chipset from the St. Diego-based company will several improvements compared with its predecessor. Among the most important ones, there will be a longer battery life, higher rendering speeds, higher smoothness and also more features to monitor health and fitness. The SoC should also be smaller than the ones we saw until now, and it should allow manufacturers to manufacture smaller smartwatches which will be suitable for women and kids.
The new Qualcomm SoC will be officially launched in Q4 2018 alongside a new flagship smartwatch, but we still do not know which company will launch the new wearable. Recently, the American FCC has certified a new LG wearable which could be the one with the new powerful Qualcomm chipset.