No iPhone 12 announced today, but Apple unveiled a new chip that will power the next generation of its hardware (including that phone whenever it’s launched). The A14 Bionic, which will ship first with the new iPad Air, is going to be Apple’s fastest yet.

In the space race that is CPU and GPU improvements, this is a groundbreaking step change. Apple says that the A14 makes it the first to use five nanometer process technology, incredibly small-scale but powerful architecture, with 11.8 billion transistors packed into the chip, up 40% on its previous generation seven nanometer chips. This will work out to 11 trillion operations per second.