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NEC, Panasonic, TI establish JV for 3G/3.5G handsets

Posted: 31 Jul 2006 ?? ?Print Version ?Bookmark and Share

Keywords:NEC? NEC Electronics? Matsushita? Panasonic? Texas Instruments?

NEC Corp., NEC Electronics Corp., Matsushita Electric Industrial Co. Ltd, Panasonic Mobile Communications Co. Ltd and Texas Instruments Inc. (TI) have signed an agreement to establish a new joint venture company. The company will conduct global development, design and technology licensing for a hardware and software communications platform to manage the core communications functions for mobile handsets for the 3G/3.5G and beyond.

The new company, Adcore-Tech Co. Ltd, is scheduled to be established in August at the Yokosuka Research Park in Yokosuka, Japan, with approximately 180 employees. The five companies will jointly invest $103.8 million in the new joint venture, with approximately 44 percent held jointly by NEC and NEC Electronics, 44 percent by Matsushita and Panasonic, and 12 percent by TI.

The venture aims at concentration of the technologies and development resources of all five companies, facilitating speedy and efficient development of the increasingly sophisticated communications technology for mobile handsets at 3G/3.5G and beyond, and contributing to the advancement of the 3G/3.5G and beyond mobile handset industry at large.

Mobile handsets based on the new communications platform to be developed by Adcore-Tech are expected to become available in the fall of 2007.

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