A Snapdragon 805 chip could be just the boost the G3 needs, as the higher resolution causes the Snapdragon 801 SoC to perform below what its 1080p rivals manage. The QHD display requires more processing power, which the Snapdragon 805 should provide plenty of, as well as a theoretical download speed of 225Mbps thanks to the integrated Qualcomm MDM9635 modem.
Samsung has also been rumored to be in development of a Snapdragon 805 variant of its Galaxy S5 flagship, which could go by the nickname Galaxy S5 Prime, or Galaxy F.
The "Prime" moniker has also been tossed around in LG's camp, and the upcoming G3 variant could be the G Prime, a name that LG has recently trademarked.
We'll have more on this story as it develops, so stick around.
Source1, Source2, and GSM Arena
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