Tokyo, Dec 29, 2011 (JCN) - NTT DOCOMO Inc. has reached a basic agreement with five semiconductor firms - Fujitsu Ltd, Fujitsu Semiconductor Ltd, NEC Corp., Panasonic Mobile Communications Co. Ltd, and Samsung Electronics Co. Ltd - to establish a fabless joint venture company by the end of March 2012 to develop and sell semiconductor products for mobile devices.
The JV company, leveraging the six investing companies' strong backgrounds in cellular communication technology and application specific integrated circuits (ASIC) design and foundry manufacturing, will develop feature-rich, small-size, low-power-consumption semiconductor products equipped with modem functionality. The JV will focus on developing products for LTE and LTE-Advanced mobile communication standards, which will be sold in markets globally.
The JV will be formed once all parties agree on the details, which are now being worked out through consultation. Following the basic agreement announced today, and as part of preparing to form the joint venture company, DOCOMO plans to invest 450 million Japanese yen, or about $5.8 million, to establish a wholly owned subsidiary, called Communication Platform Planning Co. Ltd and headed by CEO Mitsunobu Komori, concurrently an executive vice president and Chief Technical Officer of DOCOMO, by the middle of January.
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