Looking to grow as a chip provider for portable devices, Intel CEO Paul Otellini said his company is readying a low-power chip designed for portable multiple-application devices that will compete with Apple’s iPhone. “Virtually every computer and handset manufacturer is struggling to figure out how they’re going to compete with Apple’s iPhone,” Otellini told analysts and investors at Morgan Stanley’s Technology Conference. “If we get the power and performance [of the Intel chip] right, it’s going to be a killer combination.” Otellini said the chip will be available later this year. Intel is the sole supplier of processors for Apple’s Mac computer lineup. There has been varying reports on who the supplier is for the iPhone processor, with most believing it to be Samsung or Marvell.