Intel Corp. (NASDAQ:INTC) and Nokia Corp. (NYSE:NOK), which have worked together on research projects, will now turn to the task of manufacturing,
collaborating on smartphones and perhaps a new class of wireless device.
Intel, the world's largest computer chipmaker, will sell chips to Nokia, while licensing some of Nokia's modem technologies. The two will also collaborate on several open-source software initiatives.
Intel and Finland's Nokia, world No. 1 in mobile phone making, didn't get into specifics of what kind of devices they were planning to make but said in a statement the deal expands a longstanding relationship to "define a new mobile platform beyond today's smartphones, notebooks and netbooks." Anand Chandrasekher, Intel SVP and general manager of the ultra mobility group, said, "With the convergence of the Internet and mobility as the team's only barrier, I can only imagine the innovation that will come out of our unique relationship with Nokia. The possibilities are endless."
J.P. Morgan Securities Inc. held
a "neutral" rating on Intel as it expected global IT hardware spending to be flat to down in 2009.
While Santa Clara, Calif.-based Intel and Nokia get to engineering the next wave of popular tech, they should be getting some plugs from late night TV. Intel just
signed on as a sponsor of "The Tonight Show with Conan O'Brien."
Intel says on-air spoofs have proved to be a breakthrough way to deliver the message that "Intel is not just a microprocessor company, but a move-society-forward-by-quantum-leaps company." O'Brien should have fun with that statement. He made a visit to Intel headquarters two years ago, cracking jokes along the way and even donning one of those ominous looking clean-room jumpsuits. Here's
the video from his visit.
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Baz HiralalGo to the AP storySee the Intel-Nokia announcementVideo: Conan visits Intel
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