In a move that combats the domination of Nokia and Motorola, Japanese handset vendors NEC and Panasonic have teamed with chip makers Texas Instruments, NEC Electronics and Matsushita to create a joint venture that will develop, design and license technology for hardware and software communications platforms for next-gen mobile handsets. The new JV, called Adcore-Tech, will see the five companies invest a total of $104 million, with NEC and NEC Electronics holding a 44-percent share; Matsushita and its handset arm, Panasonic Mobile, owning 44 percent; and TI owning the remaining 12 percent. The first handsets are expected to reach market in the fall of 2007, according to the companies.
To read more about the JV:
- check out this article from RCR Wireless News