This CL implements the following design doc:
https://docs.google.com/document/d/1h5kdfemMQMpUd15PSKW1lqikJW5hsGwrmOvoqhGFRts/edit?ts=5b978756#heading=h.urs7r34mx9p

Bug: v8:7790
Change-Id: I5f758c6d906ea9275c30b28f339063c64a2dc8d8
Reviewed-on: https://chromium-review.googlesource.com/1221807Reviewed-by: Jaroslav Sevcik <jarin@chromium.org>
Commit-Queue: Maya Lekova <mslekova@chromium.org>
Cr-Commit-Position: refs/heads/master@{#56021}