April 2, 2012 02:16 pm EDT

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.

Continue reading Samsung, NTT DoCoMo, et al. cancel plans for LTE chip joint venture

Samsung, NTT DoCoMo, et al. cancel plans for LTE chip joint venture originally appeared on Engadget on Mon, 02 Apr 2012 10:16:00 EDT. Please see our terms for use of feeds.

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Original Link: http://www.engadget.com/2012/04/02/samsung-ntt-docomo-cancel-plans-lte-chip-joint-venture/

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