IBM has produced computer chips it claims are four times more powerful than existing chips to date.

The announcement, made on behalf of an international consortium led by IBM, the giant computer company, is part of an effort to manufacture the most advanced computer chips in New York's Hudson Valley, where IBM is investing $3 billion in a private-public partnership with New York State, GlobalFoundries, Samsung and equipment vendors, New York Times reports.

The computer chip is powered with IBM's latest tiny transistors of only seven nanometers in size (one nanometer is equal to one billionth of a meter).

Current transistors are only at 22-nm and 14-nm, so the smaller transistors save up to twice the space. Comparatively, these transistors are only slightly bigger than a five nanometer ant.

This breakthrough will allow use of faster computer chips resulting in more power leading to technological breakthroughs.

"For business and society to get the most out of tomorrow's computers and devices, scaling to 7 nm and beyond is essential. That's why IBM has remained committed to an aggressive basic research agenda that continually pushes the limits of semiconductor technology," said Arvind Krishna, senior vice president and director of IBM Research, according to International Business Times.