vB Easy Archive - NEC, Matsushita and Panasonic Sign Agreement to Establish

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NEC, Matsushita and Panasonic Sign Agreement to Establish
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Posted by: kuen94

http://panasonic.co.jp/corp/news/of...en060727-5.html

Posted by: soultrader

good news but what theyre gonna be called now on?

Posted by: kuen94

http://panasonic.co.jp/pmc/news/en/...en060821-3.html

http://focus.ti.com/docs/pr/pressre...?prelId=sc06136

NEC, NEC Electronics, Matsu.a, Panasonic Mobile and Texas Instruments Establish New Joint Venture “Adcore-Tech” to Develop Communications Platform for Mobile Handsets for the 3rd Generation (3G/3.5G) and Beyond
Development, Design, and Technology Licensing for Global Markets

TOKYO, August 21, 2006 -- NEC Corporation (“NEC”), NEC Electronics Corporation (“NEC Electronics”), Matsu.a Electric Industrial Co. Ltd. (“Matsu.a”), Panasonic Mobile Communications Co. Ltd. (“Panasonic Mobile”) and Texas Instruments Incorporated (“Texas Instruments”) announced the establishment of a new joint venture company, Adcore-Tech Co., Ltd (Adcore-Tech) as of August 17, 2006. The new company was established based on an agreement signed by all five companies on July 28, 2006. Adcore-Tech will conduct global development, design and technology licensing for a hardware and software communications platform (*1) to manage the core communications functions for mobile handsets for the third generation (3G/3.5G) and beyond. The outline of the new company is as follows.

Quote:

Outline of the New Company

Company name: Adcore-Tech Co., Ltd
Headquarters: Yokosuka Research Park, Yokosuka City, Kanagawa Prefecture, Japan
Date of establishment: August 17, 2006
Business: Development, licensing, maintenance service and system evaluation of communications platforms for mobile phones
Capital: 12.0 billion yen (6.0 billion yen capital; 6.0 billion yen capital reserves)
Controlling stakes: NEC / NEC Electronics:
Approx.tely 44% (5.3 billion yen)
Matsu.a / Panasonic Mobile:
Approx.tely 44% (5.3 billion yen)
Texas Instruments:
Approx.tely 12% (1.4 billion yen)
Employees: Approx.tely 180
Management structure: President, Vice President and 2 Board Members
President: Haruo Suzuki
Vice President: Chikara .fuku

Posted by: soultrader

good news !!!probably new handsets from panasonic in 2007