Feels like the verdict not to decide has... well, created a call. Back in December of 2011, NTT DoCoMo, Panasonic, Samsung and a smattering of different Japanese firms put their heads together so one can launch a three way partnership to fabricate and sell ICs for mobile devices. Communication Platform Planning Co. was actually established with the goal to peddle these LTE semiconductors, but now that a consensus on how it'd all play out wasn't reached by the March 2012 deadline, it will be liquidated in June. Reportedly, DoCoMo even put aside some $5.4 million to establish the now-defunct subsidiary, but now it is all for naught. The whole press release is embedded just after the break, though it's about as light on deets as they arrive.
TOKYO, JAPAN, April 2, 2012 --- NTT DOCOMO, INC., announced today that it has terminated an agreement in regards to the establishment of a three way partnership company to develop and sell semiconductor products for mobile devices, which the corporate 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 at the details of the envisioned company couldn't be reached by the objective deadline, the tip of March.
Accordingly, Communication Platform Planning Co., Ltd., a unconditionally owned subsidiary that DOCOMO had established to arrange for the formation of the joint-venture company, may be liquidated in June.
From WhatNewsToday.net
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