Samsung has been making headlines, as far as rumors are concerned, only because of its upcoming product Galaxy S4 smartphone. However, the successor of the Galaxy Note 3 has now arrived at the scene to keep the rumor mill spinning.

So far we had received only one rumor about the upcoming Note and it was about its size, and other specification were never discussed by any of the supply chain or any of the analysts keeping a close eye on the Korean company's moves.

This time, according to a new report by The Korea Times, the Galaxy Note 3 will be powered by Samsung's recently launched Exynos 5 Octa processor and will sport a 6.3-inch display.

"Samsung plans to use the Octa core processor in the upcoming 6.3-inch Galaxy Note 3, which will debut later this year," the report quoted an unnamed Samsung official as saying.

An earlier report of the Korea Times had also stated the display size of the Galaxy Note 3 as the same, however, this time it is in the statement of a company official.

If the device comes with the 6.3-inch display it will be exactly 1-inch larger than the first Galaxy Note which was released with a 5.3-inch display.

Samsung's this move also makes it a reason for it to shift to Exynos 5 Octa as the processor can give the device more power to its larger display.

Although Samsung is yet to confirm as to which devices will get the Exynos 5 Octa, it is believed that the next series of devices will be powered by the latest processor. The performance of Exynos 4 Quad has already been seen in Galaxy S3 and Galaxy Note 2, and according to Samsung's "the bigger, the better" strategy use of the most powerful processor is justified.

Samsung announced the Exynos 5 Octa chip at this year's International CES. The Exynos 5 Octa uses ARM's new big.LITTLE processor technology and the processor design switches between two clusters of four cores each: ARM Cortex-A15 for performance, and Cortex-A7 to handle regular workloads while providing an improved battery life at the same time.