Chips with graphene in their insides are supposed to be quicker than plain old silicon-stuffed chips. Unfortunately there is usually a vast difference between theory and practice, which is exactly the case with graphene. So far graphene chips are much slower in practice because the manufacturing process damages the graphene, which in turn strips away any speed it would have had.
Which, if we take IBM’s word for it, is all in the past. The company has reportedly created a prototype radio receiver with graphene resistors embedded in a silicon design which does not damage the graphene, keeping the speed potential intact.
If the chip gets to the manufacturing stage, the future might include wireless radios that are faster and consume much less power, which really means graphene-powered smartphones with lightning-quick data capabilities and extended battery life.