Fujitsu, NEC, Docomo Launch Smartphone Chipmaker

Fujitsu Ltd, NTT Docomo Inc and NEC Corp launched a new company on Wednesday to manufacture smartphone chips as Japanese firms attempt to cut their reliance on foreign-made mobile chips.

The venture pits the Japanese companies against Qualcomm Inc, the world’s largest mobile chip manufacturer and leading supplier of core microchips used in fast-selling smartphones and tablets.

Fujitsu will own 52.8 percent of Access Network Technology Ltd, which it previously planned to set up on its own.

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