Samsung has decided not to use Qualcomm's processors in the next version of the company's flagship Galaxy S smartphone, according to a Bloomberg report.

The Galaxy S6, which is slated for launch this March, was supposed to be powered by Qualcomm's Snapdragon 810 processor, but Samsung reportedly ditched it after detecting overheating issues during the South Korean company's testing. There were already reports that overheating issues with the SoC could delay next generation flagships phones.

And yet China's top smartphone player Xiaomi, which recently unveiled its Mi Note phablet, revealed that the Pro version of the device is powered by the Snapdragon 810 chip. LG's upcoming G Flex2 also uses the SoC.

Undoubtedly, this would be a major blow for Qualcomm, as the company has remained a major chipset provider for Samsung handsets. Qualcomm also recently reported worse-than-expected Q4 fiscal results.

The Galaxy S6 is expected to feature Samsung’s "most advanced chips," the report notes. The world's largest smartphone manufacturer already used its own Exynos processors in the Galaxy S5 to some extent. Greater adoption of homegrown chipsets would not only help the company increase its profit margins, but would also boost sales for its struggling processor-making business.

The S6 is expected to be unveiled on the sidelines of this year's Mobile World Congress (MWC), scheduled for the first week of March in Barcelona, Spain.