Now, cellphones at Rs 1,000

In a development that may lead to mobile handsets being sold for as little as Rs 1,000, Texas Instruments on Monday launched the world's first single chip solution for cellular phones.

"The operations of a mobile phone, which were performed by several chips, have been packed in a single chip, allowing GSM and GPRS phone manufacturers to cut production costs by up to 30 per cent,"Texas Instruments team in Bangalore has developed this technology.