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https://www.bloomberg.com/news/articles/2021-03-23/nintendo-to-use-new-nvidia-graphics-chip-in-2021-switch-upgrade

The new Switch iteration will support Nvidia’s Deep Learning Super Sampling, or DLSS, a novel rendering technology that uses artificial intelligence to deliver higher-fidelity graphics more efficiently. That will allow the console, which is also set for an OLED display upgrade, to reproduce game visuals at 4K quality when plugged into a TV, said the people, who asked not to be identified because the plan is not public.

Also will have an upgraded CPU and more memory (RAM). Will cost more than existing Switch ($350-$400 estimate).

Bloomberg has confirmed this with *multiple* sources. 

DLSS means the GPU has to be either Turing or Ampere-based because older Nvidia generation GPUs (such as the current Switch Mariko chip or even the Pascal chip) can't perform DLSS.