NTT DoCoMo, Samsung and four others create joint venture for LTE development

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NTT DoCoMo, Samsung, Fujitsu, Fujitsu Semiconductor, NEC and Panasonic announced plans on Tuesday to establish a joint venture in which the firms hope to work together to create LTE and LTE Advanced products. The fabless JV will specifically focus on the development of “feature-rich, small-size, low-power-consumption semiconductor products equipped with modem functionality” for LTE and LTE Advanced networks. Products developed by the companies will be sold globally. NTT DoCoMo will invest $5.8 million in the joint venture but it is unclear how much of an ownership stake it will have, or how much the other five companies plan to invest. They hope to have the partnership fully established by March of next year. NTT DoCoMo’s press release follows after the break.<span id="more-118124"></span>

<blockquote> DOCOMO and Five Companies to Set Up Communication Platform Joint Venture Company

TOKYO, JAPAN, December 27, 2011 — NTT DOCOMO, INC. announced today that it has reached a basic agreement with five companies —Fujitsu Ltd., Fujitsu Semiconductor Ltd., NEC Corporation, 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. </blockquote>

<blockquote> The joint venture company, leveraging the six investing companies’ strong backgrounds in cellular communication technology and vast experience in 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 joint venture company will focus on developing products for LTE and LTE-Advanced mobile communication standards. The products will be sold in markets globally.

The envisioned joint venture company 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 USD , 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. </blockquote>

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Via BRG - Boy Genius Report