According to the company, the chip needed will only cost around $10.
While we do currently have the ability to send video from our phones to our TVs there isn't yet a truly elegant way to do so. We're limited to either plugging the phone in to the TV or dealing with a sub-par wireless connection that lacks in terms of quality.
Silicon Image says that its new UltraGig 6400 WirlessHD transmitter is capable of granting wireless streaming from a phone to a TV at high quality. The chip itself is just 10mm by 7mm and takes up less power than most phone displays when in use. Silicon Image says we can expect 1080p video and a latency of merely 5ms.