$20 Cellphones Possible with TI's New Chip

swimgeek writes "Texas Instrument's Indian branch has succeeded in developing a single chip which combines the functions usually performed by multiple chips in a GSM cellphone. By doing so, cellphone costs can be dramatically reduced, thus making cellphones more affordable in developing economies. Nokia has been contracted to make the initial sets, with market launch in as soon as 9 months. More coverage here and here."