At a recent investor meeting in Santa Clara, California, Intel CEO Paul Otellini has followed up his Mobile World Congress press event with details on its upcoming smartphone processors — Merrifield and the oddly-named "6331" — slated for release next year. Both chips will use a new 22nm manufacturing process, and while the 6331 will be an inexpensive single-core chip, Merrifield will be a dual-core component destined for high-end devices. Merrifield will also include a new GPU design that Mobile and Communications GM Mike Bell hopes will provide a more "immersive experience."

Intel's roadmap doesn't end there — the chip maker is intending to release a 14nm chip in 2014. But, with competitive offerings like the 28nm Snapdragon and the quad-core, 40nm Tegra 3 already making their way onto store shelves, Intel still has some catching up to do.