Recently Japanese tech manufacturers Fujitsu, NEC and DoCoMo today announced that they will be teaming up to create a new company called Access Network Technology (ANT) in order to manufacture new smartphone chips.
The reason behind the partnership is to compete with Qualcomm, which is the world’s largest mobile chip manufacturer along with its Snapdragon platform.
ANT will focus on research and development and outsource production. ANT will be designing chips that control wireless communications and signals, including products for high-speed Long-Term Evolution (LTE) networks and beyond.
The company is estimated to have around 85 employees and will begin operations in August.
DoCoMo said in a statement,
“The technologies individually held by the companies, as well as the result of their joint development work, offer a huge competitive advantage in the smartphone market, which is expected to experience an even greater global expansion.”
Overall, Fujitsu will own the most of the company with a 52.8 percent share, NTT DoCoMo will get a 19.9 percent share and NEC will have a 17.8 percent share. The remaining 9.5 percent will go to Fujitsu’s Semiconductor division.
According to Reuters, by 2014 Access Network Technology will aim to gain seven percent of the global market for smartphone chips.