For the last three years, both Intel and Microsoft have been working on core technologies, namely Windows 8 and the Clover Trail SOC to meet the needs of enterprise and the end users.

FORBES: The iPad's Uncontested Enterprise Run Is Over

Building on the device momentum and industry-leading power-efficiency of the award-winning Atom processor Z2760, Intel's first quad-core Atom SoC ("Bay Trail"), will be the most powerful Atom processor to-date -- doubling the computing performance of Intel's current- generation tablet offering and providing the ecosystem with a strong technology foundation and feature set from which to innovate.

ENGADGET: Intel launches dual-core Clover Trail+ mobile Atom processors

The Atom Processor Z2760 and the company's forthcoming 22nm Atom SoC, codenamed "Bay Trail, " will be the starting foundation for the effort.

ENGADGET: Intel launches dual-core Clover Trail+ mobile Atom processors

He also unveiled details about the company's next-generation 22nm Atom SoC, codenamed "Bay Trail, " which is already booting and scheduled to be available for holiday 2013.

ENGADGET: Intel announces new Lexington platform: up to 1.2 GHz, supports 1080p video and HSPA+ data speeds

"With Bay Trail we will build on the work done with our current SoC development and accelerate very quickly by leveraging Intel's core computing strengths, " Bell said.

ENGADGET: Intel announces new Lexington platform: up to 1.2 GHz, supports 1080p video and HSPA+ data speeds