The companies are set to develop baseband chips used in mobile phones, a move that will place them in direct competition with Qualcomm which currently holds 80 percent of the baseband chip market.
NTT DoCoMo will be the majority owner of the joint venture, with the total investment expected to hover around $390 million (approximately R2.88 billion).
Samsung has considered making use of the newly developed chips in future versions of the popular Galaxy range of mobile smartphones. In addition, the joint venture will also be open to selling the chips to other manufacturers.
The companies have not formally announced the venture as yet.
Read the full story over at: Boy Genius Report.