Japanese mobile operator NTT DOCOMO announced that he has reached a basic agreement with the five companies - Fujitsu Ltd., Fujitsu Semiconductor Ltd., NEC Corporation, Panasonic Mobile Communications Co., Ltd. and Samsung Electronics Co., Ltd to establish by the end of March 2012 a joint venture that does not use its own production facilities, which will develop and sell semiconductor products for mobile devices.
As stated in the declaration, a joint venture sponsored by the six companies that use their strengths in telecommunications technologies, and have extensive experience in the design and manufacture of specialized integrated circuits, will develop multi-functional, compact, low-power semiconductor products are responsible for the modem functionality of mobile devices .
The first joint venture will focus on developing products that support LTE and LTE-Advanced mobile communications standards. This product is expected to be sold in all world markets.
The new joint venture will be established once all parties agree on the details of which are already being consulted.
DOCOMO plans to invest in the new company 450 million Japanese yen (about 5.8 million U.S. dollars), a wholly owned subsidiary by mid-January under the title Communication Platform Planning Co., Ltd. headed by the Director General of Mitsunobu Komori (Mitsunobu Komori), which in combination is also executive vice president and CTO DOCOMO.
