During the company’s financial Q1 earnings call that took place this afternoon, Intel’s Chief Executive Officer Paul Otellini revealed to investors that Intel plans to launch its first smartphone later this week. Originally shown off at CES 2012, the Lenovo K800 will be the first handset with Intel technology featuring the new Medfield chip. It is designed specifically for mobile devices. The K800 will first launch in China, and it features Android 4.0, a 4.5-inch touchscreen, 8-megapixel camera, and Intel’s Medfield chip. Right now, there is no word on pricing or availability outside of China, but we will let you know when we hear more.