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. Last Updated: 07/27/2016

New Microsoft Venture

NEW YORK -- Wireless telecommunications equipment maker Qualcomm Inc. and software giant Microsoft Corp. next week will launch a new company that will focus on wireless communications, information technology and computing, Qualcomm said.

Qualcomm and Microsoft will introduce the new company, name its chief executive officer and demonstrate the services it will offer at a Tuesday news conference at Microsoft's headquarters in Redmond, Washington, Qualcomm said Wednesday.

The new firm will be jointly funded by both Qualcomm and Microsoft. Additional details were not available.