Global chipmaker Texas Instruments has said it will work with partners to build low-cost cellphones and silicon chip-embedded consumer electronic products for India's booming market in the next five years.
"I think the Indian market is a great example. This will allow TI working with customers to deliver and produce lower cost handsets," Texas Instruments President and CEO Rich Templeton said in his address to employees and vendors at the inaugural of the company's new campus in Bangalore.
Texas Instruments is working on a single chip that powers a cellphone and has been developing on 65-nano-metre (one nano metre is one thousandth of a hair strand) chip, in which the India centre is involved, Templeton said.
TI, which set up its development centre here in 1985, was the first multinational firm to outsource software from India.
"And as you make handsets and advanced communication
products less expensive, they are able to reach people in the market place in terms of affordability," he said.
"TI had terrific opportunity to deepen the silicon industry in India," he added.
Templeton said high speed broadband connectivity was another area for growth, besides TI would also work with telecom service providers to improve business.
"I think we will be profoundly surprised at the rate of consumption of electronic products in India as consumer of these technologies over the next five years," he said.