"We will be shipping to our OEMs... some Intel technology that will let the majority of those applications to run without modification on our platform as well," Bell said.
Analysts have said Intel's chips will get more power efficient as it advances its manufacturing technology, which is when it could pose a serious threat to ARM's dominance. The Z2460 chip is made using the 32-nanometer process. Intel could bring big power savings to smartphone chips with the 22-nm process, when 3D transistors could reach smartphones. Intel's initial chips made using the 22-nm process are already being shown at CES in laptops.
While Intel is throwing a lot of financial muscle behind the development of smartphones, the company has seen failures. Intel has tried to enter the TV industry multiple times, and its most recent attempt over the last two years was marred by a lack of interest in its products.
China is a good market, and having a relationship with Lenovo there provides a good entry point for Intel in the smartphone space, said Nathan Brookwood, principal analyst at Insight 64.
Having Motorola as a customer also helps, considering its large market presence.
But the big story is the chip itself, which is a good entry point for Intel into the smartphone market, Brookwood said.
"If that was an accurate representation of the performance it delivers, it's a compelling story," he said, adding that the Intel smartphone looked faster than his dual-core ARM phone.
Intel has a long road ahead to gaining acceptance, but the company can afford some stumbles. Intel has a lot of perseverance and the company will continue to slog in the market, Brookwood said.