NTT DoCoMo Inc. and Sony Corp. have agreed to form a joint venture to produce smart card chips for use in cellular phones, Sony and DoCoMo sources said.
Sony will take more than a 50-percent stake in the joint venture, which will be formed by the end of October, a DoCoMo source said.
"Sony and Docomo have been engaged in experiments to develop cell phones with built-in smart card chips for quite a few years and the two parties are now discussing forming a joint venture," a Sony source said.
The venture will develop a chip based on Sony's FeliCa non-contact smart card technology. (Reuters)
to Daily News