Possible big news on the way later today. According to Bloomberg, Intel's very own Mr. MID, Anand Chandrasekher, will announce Nokia as a new customer of its mobile processors. This is important because Nokia is a long time friend of ARM and Intel by its own admission can't currently compete with ARM when it comes to the ultra-low power consumption requirements of smartphones. So whatever Nokia's got cooking will presumably be running on Intel's upcoming Moorestown MID platform or its ultra-low power Medfield silicon targeting mainstream smartphones in 2011. On the other hand, Nokia's CEO already expressed interest in entering the laptop race with Intel or the ARM-based Snapdragon rumored to be at the core. But if this announcement results in yet another Atom-based netbook, well, good luck with that Nokia.

[Via IntoMobile]