NEC Talking 3-Way Tie-up
NEC and Matsushita (Panasonic) are in talks to extend their co-operation in the mobile phone sector in an effort to ensure survival in the overcrowded Japanese market, NEC’s president said on Monday. The expanded collaboration would focus on handset manufacturing and could include the joint procurement of components and further collaboration in research and development. The two groups already co-operate in 3G technology research. According to reports, three-way talks among NEC, Matsushita and Texas Instruments Inc. about cellphone cooperation are in their final stage. The consolidation strategy was mentioned by NEC’s incoming president, Kaoru Yano, in March.