Microsoft's Project Scorpio was the highlight of the vendor's E3 conference, with the upcoming console — which will make its debut next year —set to offer an atounding 6 teraflops of graphics compute power. To put that into context, the current-generation Xbox One offers 1.23 teraflops. Microsoft did not go into a lot of detail over the underlying hardware that will power the console, but what we do know is that Project Scorpio and the Xbox One S are powered by semi-custom AMD SoCs.
Project Scorpio will feature an 8-core CPU, but there's no mention of the microarchitecture. The console will also offer a memory bandwidth of 320GB/s, and while there wasn't any additional information made available, it is reasonable to assume that the GPU will be a 14nm Polaris-based offering, likely a variant of the RX 480 (which has 5 teraflops of compute power).
We should know more about Project Scorpio over the coming weeks and months.