Intel, Nokia team up on 'new mobile platform'

NEW YORK (Reuters) -- Intel Corp., the world's biggest chip maker, and cellphone market leader Nokia, said they would work together on a new class of mobile computing device.

Under the agreement announced on Tuesday, Intel will buy intellectual property from Nokia related to high-speed wireless technology and the companies also said they plan to collaborate on open-source mobile Linux software projects.

They did not give a specific timeline for the development of products but said they expect "many innovations to result from this collaboration over time."

The companies said they aimed to define "a new mobile platform beyond today's smartphones, notebooks and netbooks" for hardware, software and mobile Internet services.

Intel (INTC, Fortune 500) already sells chips for netbooks, a type of no-frills laptop computer, and Nokia (NOK) has said it would look into the possibly of expanding beyond phones to develop netbooks.