Asus will soon announce a new, budget-friendly ZenFone series smartphone, according to the latest rumor out of the company's home country of Taiwan.

Dubbed ZenFone Go ZC500TG, the device will be powered by a MediaTek SoC with quad-core processor, and sport a 5-inch HD display. It will come with 2GB RAM and 8GB internal storage. In terms of camera, the handset will feature an 8MP rear unit and a 2MP front shooter.

The rumor also says that the ZenFone Go will just offer 3G connectivity with no 4G LTE support, and could be announced before the end of this month. Needless to say, none of this has been officially confirmed by Asus, so take it with a pinch of salt.

Via (translated)