Its not clear to me what semiconductor process facilities are they going to develop or provide. From the subsidiary name and the amount NTT is investing, it seems like a software platform for the mobile semiconductor chips.
With more companies involved in development of semiconductors for mobile devices, the more likely we are to see some serious new advances in the industry. This should be good news for the industry and the consumer.
Wireless market is not doubt one of the major markets in 2012 and the coming years. The join venture will likely help to improve the products as well as to bring the price down by introducing more competitions. It is a good news to consumers.