Nippon Telephone and Telegraph Data Corp., a subsidiary of Tokyo-based Nippon Telephone and Telegraph Group, has acquired an unspecified stake in Gemplus Corp., the French smart card company announced.

"Gemplus is moving away from its original investors and is looking for long-term strategic partners," said Patricia Neptune, a Gemplus spokeswoman. General Electric Co. is one of the company's U.S. investors.

Subscribe Now

Access to authoritative analysis and perspective and our data-driven report series.

14-Day Free Trial

No credit card required. Complete access to articles, breaking news and industry data.