A team of 27 researchers and students at the Melbourne University recently unveiled their new GiFi chip, which they hope will be ready for market in 2009. The chip, which measures 5mm on either side, only uses 2 watts of power and sports a tiny 1mm antenna. Since this little chip is manufactured using CMOS (complementary metal-oxide semiconductor) technology, it will cost about $10 to manufacture, as well.
Using the 60GHz frequency, GiFi would be capable of data transfer speeds up to 5Gb over a 10 meter radius. This is like super-powered Bluetooth, here. Possible uses would be a video kiosk, which could send a full-length high-definition movie to your phone over GiFi in a matter of seconds, and then you could stream that to your TV once you got home, or transfer it to your PC for later viewing. The possibilities seem pretty endless.