Company is developing chips for low cost handsets including $35 GPRS phones with a camera and music player.

Texas Instruments (TI), is developing a broad range of chips for low-cost handsets aimed at developing countries, and sees prices ranging from under-$20 for basic phones to $35 for GPRS (General Packet Radio Service) mobiles complete with a camera and music player on board by the end of this year.

News story link