Texas Instruments Incorporated (NYSE: TXN) (TI) today announced the selection of its "LoCosto" single-chip platform for a new family of low-cost, multimedia-rich handsets from Lenovo Mobile, China's leading handset manufacturer. Lenovo is leveraging TI's scalable "LoCosto" solution to deliver low-cost handsets with exceptional performance and leading-edge features at a competitive, entry-level price. The i323 handset, the second in this series, is available to China consumers now, followed by the i515 available in June. The i366 handset is also available today.
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