Japan's Toshiba Corp. and NEC Electronics Corp. said on Tuesday they would jointly develop 32-nanometre chips to better keep up with rivals. The companies will continue talks about jointly producing the chips, and aim to reach a decision in 2008, they said. The two had also approached Fujitsu Ltd, but spokesman Etsuro Yamada declined to comment on whether or not Fujitsu would join the group, only saying that "Fujitsu was considering various options." Chip makers are racing to halve the production cost per function of a chip every year or two. Samsung Electronics Co., IBM, Chartered Semiconductor Manufacturing Ltd., Infineon...