Intel is adding to its arsenal of processors for portable devices by developing an XScale-based processor, code-named Bulverde, for handheld computers.

Bulverde will largely be aimed at devices such as Hewlett-Packard's iPaq rather than at cell phones, according to sources. Cell phones are the target of Intel's recently announced PXA800F chip, code-named Manitoba. Like the PXA800F chip, Bulverde will be based around the XScale microprocessor architecture. However, the new chips will differ in megahertz and component integration from the current XScale PXA family of processors for handhelds, said sources.

Read more: CNet News.