According to the release, Qualcomm is partnering with hardware producer, Razer, to create the handheld rig.
Qualcomm/Razer
Qualcomm produces many of the smartphone industrys microchips and will be using them to power its new console.
The Snapdragon G3x also supports 5G connectivity.

Qualcomm/Razer
A release date has yet to be announced.