Texas Instruments announced a new chip that promises to give more functionality to mobile devices while also shrinking their footprint.

Ahead of next week's Mobile World Congress, the company rolled out a new chip that consolidates all major communications standards.

The new WiLink 7 chip can connect users to Bluetooth devices, 802.11n WiFi networks, and send and receive FM radio signals. It even has GPS functionality for geo-location applications.

Device manufactures can use the chip to offer multiple radios without sacrificing performance, space requirements or profit margins, said Lisa Arrowsmith, analyst, IMS Research.

Consumers can expect to get devices with the chip by the end of 2010.