Looks like Intel is about to break into the mobile phone arena in a big way. According to Bloomberg, Intel and Nokia have struck a deal to include Intel CPUs in future Nokia handsets.

Details on the matter are sparse at best as Intel’s not been commenting publicly yet, but the company is holding an impromptu conference call this morning at 11:30AM eastern to go over everything so I’ll listen in and report back.

If I were a betting man, which I’m not (or am I?) I’d guess that this platform would be similar to Qualcomm’s Snapdragon effort: super long battery life, strong graphics, HD video, gaming, etc. It’s a logical move for Intel if the company wants to grab a share of the next-generation smartphone market away from Qualcomm and NVIDIA’s Tegra platform.

UPDATE: See this post for more info.