LG Electronics and Microsoft Corp. have signed Memorandum of
Understanding (MoU) to form strategic collaboration in Mobile
Convergence.
The agreement was signed in Seoul by Yong Nam,
Vice-Chairman and chief executive officer of LG Electronics and Steve
Ballmer, chief executive officer of Microsoft.
"This agreement
between LG and Microsoft will create critical momentum in the
industry," said Yong Nam at the announcement ceremony. "With this
partnership, mobile computing will truly become an everyday reality,
and LG and Microsoft will be at the forefront of it."
"This MoU
further strengthens Microsoft relationship with LG and demonstrates our
joint commitment to delivering the most innovative mobile experiences
to our customers," said Steve Ballmer. "We are excited that leading
mobility solutions providers, such as LG, are aligning with our vision
for mobility."
The agreement ensures continued strategic
collaboration in R&D, marketing, applications, and services in the
field of converged mobile devices. The proposed partnership also
reflects both companies' commitment to leverage best-in-class
technology, resources and expertise by joining forces with leading
players in key markets.
In particular, as a part of its strategy
to reinforce LG's global competitiveness in smartphone, LG sets mid to
long term goals and documentaries number of products, R&D,
marketing, and service to meet these goals. Under the MoU, converged
mobile device business will be reinforced through incorporating LG's
core competences in marketing and products in mobile and IT sector and
Microsoft's proficiency in Windows Mobile OS, application, and service.
Both companies will continue to define and align their mobile strategies through annual top management meeting.