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India&rsquo;s leading telecom company Reliance Industries has been forced to postpone the launch of a new low-cost smartphone that it is developing with Google by two months due to a massive semiconductor (chip) shortage in the market.&nbsp;&nbsp;</p>
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The&nbsp; cheap smartphone, developed jointly by Reliance&#39;s telecom arm and Google, was set to be rolled out from Sept. 10 but will now be launched in November.</p>
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There is a massive semiconductor shortage worldwide as supply chains have been disrupted due to the COVID-19 pandemic while demand for laptops and smartphones has shot up since most people have to work from home die to contain the spread of coronavirus.</p>
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The auto companies have also been hit hard due to the chip shortage and leading companies such as Maruti Suzuki, Tata Motors and Mahindra &amp; Mahindra have been forced curtail production.</p>
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&quot;Both the companies have begun testing JioPhone Next with a limited set of users for further refinement and are actively working to make it available more widely in time for the Diwali festive season,&quot; Jio said in an exchange filing late on Thursday.</p>
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The additional time will also help mitigate the current industry-wide global semiconductor shortages, Jio added.</p>
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In June, when the phone was announced, Reliance Chairman Mukesh Ambani did not mention its price but said it would be the most affordable smartphone in India.</p>
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