Panasonic NEC Texas Instruments announced a joint venture development of mobile phone chips and software

According to foreign media reports, a few days ago, Japan's Matsushita Electric Industrial Company and NEC company has just said that the joint venture will set up a new company to develop new mobile phone. On Thursday, Matsushita Electric, NEC and TI said in a joint statement that the three companies will be a joint venture of $one hundred million to set up a new company to develop mobile phone chips and software.

NEC, President of Kaoru, said at a news conference on Thursday, said: "as the world's leading companies, our three companies will jointly develop excellent mobile phone products Yano. We will develop better chips to enhance our competitiveness in the global market."

Three companies, said the joint venture's investment of 12 billion yen (about $100 million), of which, NEC and Matsushita Electric each holding 44%, TI shares of $12%. The joint venture will be completed in August.

According to reports, NEC and Matsushita is the first launch of 3G (WCDMA) is one of the mobile phone manufacturers, however, after a few years, they only get a few percent share of the global market, far behind the industry giant, NOKIA, Motorola and Samsung Electronics co..

Panasonic and NEC also announced details of a joint venture between the two companies on Thursday. Both sides of the joint venture in their respective shareholding of 50%, the new company will be established in October, the initial investment of one hundred million yen. Previously, the two companies responsible person said, the purpose of the establishment of the joint venture is to reduce R & D costs, because the development of a variety of complex features with the new phone to make the cost of research and development of the two companies rose sharply. However, the two companies will use their own brands to sell joint venture research and development of new mobile phones.

At the end of March this year at the end of the 2005 fiscal year, NEC mobile phone sales overseas due to insufficient orders loss of 25 billion yen in fiscal year 2006, there will still be a loss of 15 billion yen. Panasonic mobile phone business in fiscal year 2005 is a loss of 8 billion 400 million yen. Both companies are planning to significantly reduce the loss of overseas business, focusing on the development of high-end mobile phone products.