The iPad rumors are running rampant, as the (rumored) March launch gets closer.

This week, we heard that the iPad 3 might have graphics that are as much as 20 times more powerful than its predecessor, and that its LCD displays will be provided by Samsung and LG.

Now, Bloomberg is reporting, citing “people familiar with the product” that the next iPad will have a high-definition screen, run a faster processor and work with next-generation (LTE) wireless networks. Bloomberg reports:

The company’s manufacturing partners in Asia started ramping up production of the iPad 3 this month and plan to reach full volumes by February, said one of the people, who asked not to be named because the details aren’t public. The tablet will use a quad-core chip, an enhancement that lets users jump more quickly between applications, two of the people said.

Apple of course will not be commenting on rumors.

For our full range of iPad 3 rumor coverage, see this link.