DoCoMo, Sony to Form JV for Smart Card Chip
Oct 22, 2003
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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)

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