Intel is expanding its smartphone chip lineup with the Intel Atom Z2420 Lexington processor. It’s designed for emerging markets and it’s a cheaper alternative to the Medfield chips available in select phones now.

The Atom Z2420 is a 1.2 GHz chip with support for hyperthreading, 1080p HD video playback and encoding, and support for  dual cameras and a burst mode which lets you snap 7 photos in a second.

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For emerging markets, the chip supports FM radio and dual SIM cards, but also wireless display technology and an HSPA+ modem and PowerVR SGX 540 graphics.

Intel has a reference platform for the chipset, and several companies including Acer and Lava already plan to release phones based on the chip.

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The reference design features an Android phone with a 3.5 inch, HVGA display, a 5MP rear camera, and a 1.3Mp front-facing camera.

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