This document discusses the growing market for low-cost smartphones and the silicon components needed to enable their features. It notes that while high-end smartphones will continue growing at 8% annually, mid-range and low-end smartphones priced below $400 are expected to experience 15% annual growth. It describes typical components in low-cost smartphones like 1GHz dual-core processors, 5MP cameras, and highlights standards-based silicon IP from suppliers that is necessary to support interfaces like camera, display, storage and networking.