While many investors remain focused on Intel's (INTC) core PC and server processor businesses, the firm has been generating more buzz lately around its opportunities in the smartphone and tablet chip market.

Intel continues to chase after incumbent ARM Holdings (ARMH) in mobile processors, but is making progress on that front. The firm's upcoming "Silvermont" Atom chips will feature a new architecture and will be manufactured at the cutting-edge 22-nm chip fabrication technology, which we think will increase Intel's competitiveness in the smartphone and tablet space.