The mobile chip of Japan takes a recovery plan by jointing venture

Published:2012/8/2 22:57:00 Author:Ecco From:SeekIC

Japan's recovery plans for a mobile equipment chip joint venture has been taken, Japan also comes up with something smaller and less ambitious than a previous plan that was cancelled earlier this year.

NTT Docomo Inc., Fujitsu Ltd., NEC Corp. and Fujitsu Semiconductor Ltd. have signed an agreement about a formation of a joint venture to focus on the development and sales of semiconductor products with built-in modem functions for use in communications equipment.

The joint venture – Access Network Technology Ltd. – is majority owned by Fujitsu with Docomo and NEC each taking about a 20 percent stake in the venture. The company plans to start operations in August after capital contributions have been made.

According to Fujitsu, the objective of the formation of the joint venture is to enhance management responsiveness in the fast moving mobile digital market while bringing together diverse technologies from the individual companies. Fujitsu will hold 52.8 percent of the company with Docomo holding 19.9 percent and NEC holding 17.8 percent.

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