Two of the technology bigwigs Intel and Nokia struck a broad deal on Tuesday, according to which they would together develop designs for new types of portable gadgets as well as the specific chips to be used in them.

Going by the information provided by Anand Chandrasekher, Senior VP of Intel's ultra-mobility group, Intel and Nokia will essentially pool their resources in three main areas - firstly, building mobile devices on Intel's x86-based hardware platforms for smartphones, netbooks, and mobile Internet devices; secondly, developing an open- source operating system for mobile devices, combining Intel's Moblin OS and Nokia's Linux-based Maemo OS; and thirdly, obtaining of a license for Nokia's HSPA and
3G technologies by Intel.

The Intel-Nokia deal epitomizes the sort of traction that the Santa Clara, California-based Intel direly requires for finding its way into chips for pocket-sized products, which have of late marked a market with a much more rapid growth as compared to the traditional computers. Intel's first significant stride in this direction will come with its becoming a supplier to Nokia in cellphones.

Commenting on the Intel-Nokia deal and referring to Intel's attempts to bring its chips to handset market, Bill Davidson - Senior VP of global marketing and investor relations at Qualcomm - said: "We've been watching Intel for a long time and always believed that they would figure out a way to enter this market!"