After years of promises to enter the smartphone market, Intel has finally done so. During his keynote at CES, Intel's Chief executive Paul Otellini said that Intel has signed Lenovo and Motorola to contracts to use its Atom processors in smartphones. Unlike past launches, Intel has held Medfield back until its partners were ready to go to press as well. According to an early preview, Medfield pairs a 1.6GHz Atom CPU with an SGX540 GPU designed by PowerVR. This is the same GPU we've seen tip up in the Samsung Galaxy Nexus and Droid Razr, though Intel is clocking it higher, at 400MHz. Intel's new SoC encodes video at 720p at 30 fps, can playback 1080p at 30 fps, and supports 1920Ã—1080 output via HDMI. The first smartphone to carry an Intel chip will debut on China Unicom during the second quarter.