Intel has claimed that it has the ability to build Windows 8 powered phones.

Speaking after Intel posted its record profits for 2010, Intel boss Paul Otellini was questioned over his views on Microsoft’s Windows ARM support. Otellini claimed the announcement was “not a lot of new news” but explained the move has advantages for Intel.

“I’m not going to speculate about our product line right now. I will say that the form for Windows Phone 7 is uniquely focused on the small form factor that Windows doesn’t focus on. It’s always important to remember that at least two of the other players in this space also have two operating systems each. So figuring out where it seems the boundaries are and what scenarios is something that our whole industry sort of has to think about. At least with us we’re very very clear right now, small screen is Windows Phone and these screens (points to laptop) are Windows 7.”
Sources indicate that the latest build is 6.2.7911.0.winmain_win8m2.110112-1725. Microsoft demonstrated an early Milestone 1 build (6.2.7867.0.winmain_win8m1.101020-1800) at CES 2011.
Source [Win rumor]