German chip manufacturer Infineon AG has joined with Motorola Inc. and Agere Systems Inc. to establish a new company to develop and license chip designs for cellphones. These three companies have created a__________ .

Question

Quizplus · Accepted Answer

The three companies have created a joint venture, which is a business agreement in which two or more parties agree to pool their resources and expertise for a specific project or goal. In this case, the joint venture will focus on developing and licensing chip designs for cellphones.

German Chip Manufacturer Infineon AG Has Joined with Motorola Inc