The new chip can take multiple measurements and tell you your body fat, skin temperature and heart rate and process the information it collects.
To help clients accelerate product development using the chip, the firm said it has developed “reference platform” products such as a wrist band to demonstrate the chip’s capabilities.
Wearables are expected to be a hot ticket for tech companies, although smartwatches are proving a little slow to take off.
It is thought that health related features including data collection and monitoring are the “way forward”.
Some firms are seeking to launch sophisticated products capable of detecting and monitoring more serious diseases to tap in to a market that Soreon Research says could be worth more than $41 billion in 2020.
Samsung began mass production of the new chips in December. It said the processor will power a new device to be launched in the first half of 2016, but declined to elaborate on the maker of the device.