Fujitsu, NEC, Docomo in smartphone chip joint venture

Japan's Fujitsu Ltd, NTT DoCoMo Inc and NEC Corp will on Wednesday launch a new company to make smartphone chips, the Nikkei newspaper reported on Wednesday. Fujitsu will own more than 50 percent of Access Network Technology Ltd, expected to compete with market leader Qualcomm Inc, the business daily said.
DoCoMo and NEC will each acquire about 20 percent of the company, while Fujitsu Semiconductor Ltd will own the remaining 10 percent, the paper said. The new company will develop and sell chips that control wireless communications and signals, while production will be outsourced, the Japanese daily said.