NEW YORK (TheStreet) --Shares of Intel Corp. (INTC) are up 1.22% to $26.61 on Tuesday following the company's announcement that it has teamed up with Rockchip in order to "expand the breadth of and accelerate the rate at which it brings its Intel architecture and communications-based solutions to market for a range of entry level Android tablets worldwide."
The agreement states that the two companies will deliver an Intel-branded mobile SoC platform, Intel said.
"The quad-core platform will be based on an Intel Atom processor core integrated with Intel's 3G model technology" and will be released during the first half of next year, Intel stated.
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TheStreet Ratings team rates INTEL CORP as a Buy with a ratings score of B+. TheStreet Ratings Team has this to say about their recommendation:
"We rate INTEL CORP (INTC) a BUY. This is driven by several positive factors, which we believe should have a greater impact than any weaknesses, and should give investors a better performance opportunity than most stocks we cover. The company's strengths can be seen in multiple areas, such as its revenue growth, largely solid financial position with reasonable debt levels by most measures, reasonable valuation levels, expanding profit margins and increase in stock price during the past year. We feel these strengths outweigh the fact that the company has had sub par growth in net income."