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Fujitsu Heads New Smartphone Chip Venture

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http://www.thevarguy.com – Fujitsu will team with Fujitsu Semiconductor, NTT Docomo and NEC on a new venture to develop and sell chips for smartphones, an effort that could provide stiff competition to mobile stalwart Qualcomm, the dominant chip supplier for smartphones and tablets. The joint venture, called Access Network Technology Ltd. and initially set up by Fujitsu, is waiting on capital investments from DoCoMo, Fujitsu Semiconductor and NEC before it begins operations later this month. The investors will capitalize the company with 100 million yen or about US $1.28 million, Fujitsu said in a statement. Fujitsu own (IT news)