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Industry reports indicate that cellular handset vendors involved in the project include Denso, Hyundai, LG, Motorola, Nokia and Samsung.
Microsoft has already moved into the cellular handset realm with its Windows Mobile software, and Google is rumored to be working on a Google phone.
Cellular handset manufacturers, like Motorola and Sony Ericsson, saw their development of camera phones as a way to differentiate the product category, which was nearing maturity.
Although it has not publicly announced that it will be a competitor in the market for cellular phone software, Google is widely expected to introduce its own version of the "software stack" for cellular handset makers early next year.
Some analysts said they were worried that tighter margins in the cellphone unit and stiff competition in lower to middle tier cellular handset market could upset the company's noteworthy turnaround in the last few years.
The technology is expected to provide cellular handset manufacturers and wireless operators with capabilities that match and potentially surpass those using smartphone software made by Apple, Microsoft, Nokia, Palm, Research in Motion and others.
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In addition, inventories of flat-panel displays have built up, and they have quite a large exposure to cellular handsets.
Cellular telephones are taking off because of soaring demand around the world, with more than 274 million cellular handsets sold last year.
Once connected to a phone and a broadband Internet connection, the router can be programmed to recognize three phone numbers, including those of cellular handsets.
We found valuations to have been stretched in three main areas: cellular handsets, companies reliant on Internet advertising and companies involved in personal computers.
Nearly all cellular handsets sold today include integrated circuits (ICs) based on energy gap engineered transistors high-electron mobilitransistors high-electrond heterojunction base transistors (HBTs).
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CEO of Professional Science Editing for Scientists @ prosciediting.com