UPDATE 2-Nokia and Intel to work together on mobile devices

* Intel to buy high-speed wireless IP from Nokia

* Few details given

* Intel shares up 0.8 pct, Nokia shares up 2 pct (Recasts; adds analyst quotes, Nokia quotes, bylines)

By Clare Baldwin and Sinead Carew

SAN FRANCISCO/NEW YORK, June 23 (Reuters) - Intel Corp (INTC.O: Quote, Profile, Research) announced a technology partnership with Nokia (NOK1V.HE: Quote, Profile, Research) that could potentially give the chip maker the breakthrough it has been looking for into the mobile market.

The companies said they would work together on a new class of mobile computing devices, but would not say when they would come to market or give details on the kind of wireless products they hoped to develop together.

Under the agreement, announced Tuesday, Intel said it will buy intellectual property from Nokia related to high-speed wireless technology. The two companies also said they plan to collaborate on open-source mobile Linux software projects.

Analysts said the deal gives Intel a chance to take on leading cellphone chip makers Qualcomm Inc (QCOM.O: Quote, Profile, Research), the market leader in cellphone chips, and Texas Instruments Inc (TXN.N: Quote, Profile, Research), a big Nokia supplier.

"Intel at least has its foot in the door. It's an important and strategic customer," said Gartner analyst Jon Erensen, who sees the partnership as a way for Intel to get into the market for advanced phones known as smartphones.