Samsung, NTT DoCoMo, et al. cancel plans for LTE chip joint venture
Looks like the decision to not make a decision has... well, created a decision. Back in December of 2011, NTT DoCoMo, Panasonic, Samsung and a smattering of other Japanese firms put their heads together in order to launch a joint venture to manufacture and sell ICs for mobile devices. Communication Platform Planning Co. was actually established with the goal to hawk these LTE semiconductors, but now that a consensus on how it'd all play out wasn't reached by the March 2012 deadline, it'll be liquidated in June. Reportedly, DoCoMo even set aside some $5.4 million to set up the now-defunct subsidiary, but now it's all for naught. The entire press release is embedded just after the break, though it's about as light on deets as they come.
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NTT DOCOMO to Dissolve Communication Platform Planning Co., Ltd. Partnerships
TOKYO, JAPAN, April 2, 2012 --- NTT DOCOMO, INC., announced today that it has terminated an agreement concerning the establishment of a joint venture company to develop and sell semiconductor products for mobile devices, which the company signed with Fujitsu Limited, Fujitsu Semiconductor Limited, NEC Corporation, Panasonic Mobile Communications Co., Ltd. and Samsung Electronics Co., Ltd. in December 2011.
The joint-venture agreement was terminated because a consensus on the details of the envisioned company could not be reached by the target deadline, the end of March.
As a result, Communication Platform Planning Co., Ltd., a wholly owned subsidiary that DOCOMO had established to prepare for the formation of the joint-venture company, will be liquidated in June.
