Intel to Sell Nokia Mobile Chips: Report - TheStreet

Intel

(INTC) - Get Report

will sell processors to

Nokia

(NOK) - Get Report

for mobile devices,

Bloomberg

reports.

The deal will be announced on a conference call Tuesday,

Bloomberg

reports, citing a person familiar with the matter. Anand Chandrasekher, senior vice president of Intel's ultra-mobility group, will deliver the news, according to

Bloomberg

.

Intel, the world's biggest chipmaker, has struggled for about a decade to get a foothold in the market for mobile-phone chips,

Bloomberg

notes. Chandrasekher leads a group that sells a scaled-down version of Intel's personal-computer processor. The chip, called Atom, is designed for mobile devices that access the Web and handle basic computing functions.

An Intel spokesman decline to comment for

Bloomberg

, while a Nokia spokeswoman didn't immediately return calls seeking comment.

In 2006, Intel CEO Paul Otellini scrapped his predecessor's $5 billion investment in chips for mobile devices, after the company was late to the market and failed to win enough customers,

Bloomberg

reports.