This year's CES is off and running, and Nvidia wasted no time in introducing its next mobile chip. The Tegra K1 is much more than just a successor to the Tegra 4, it's the chip that could bring mobile gaming to a point where it can rival the PC.

During Nvidia's CES press conference, Nvidia CEO and co-founder Jen-Hsun Huang announced the Tegra K1. According to Polygon, the K1 will feature a 192 CUDA core processor with a Kepler-based architecture. Huang said the chip will use a fraction of the power of the PlayStation 3 and Xbox 360, while being able to provide graphics processing on par with Sony's and Microsoft's consoles.

"We've brought mobile computing to the same level as desktop computing," Huang said. "We've brought mobile computing to the same level as super computing. We've brought the heart of GeForce and the soul of Tesla to the Tegra family."

In addition to supporting DirectX 11 and OpenGL 4.4, the Tegra K1 will also support Unreal Engine 4 when it arrives. There will be two variations of the chip available. A 32-bit quad A15 CPU (up to 2.3 GHz) and one featuring dual 64-bit Denver CPUs (up to 2.5 GHz). The 32-bit chip will start showing up in mobile devices during the early stages of 2014, while the 64-bit Tegra K1 won't be out until later in 2014.

For more on the chip, check out the video demo below.