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I want to replace processor with faster one and increase ram in Lenovo ideapad 310

If your laptop was offered with better CPU and motherboard, on theory a motherboard swap could work. But in many cases better CPUs go with better LCDs, which most probably will make it not compatible.

Save your money for laptop with parameters you want. This IdeaPad was not designed nor marketed as "upgradeable"
 
what processor you have in it? if its BGA then overclocking is only thing to boost it but you need modded bios for it and those are hard to find