Advanced Computer Techniques Corp, New York, is tossing its software division business and staff into a new joint venture company in which it will retain a one-third stake while LSI Logic Corp, Milpitas, California takes the rest. The two companies signed a joint development and marketing pact on turnkey embedded chip design systems last October and it seems that Advanced Computer was strapped for cash to develop the agreement to its full potential. The new company will design, develop and market turnkey integrated hardware+software design systems for the Mil-STD-1750 embedded microprocessor systems market using LSI’s Modular Design Environment and applications-specific circuits. LSI Logic and the new company, to be based in New York, will market the systems. LSI Logic will contribute software technology and funding. LSI Logic notes that it is particularly keen to expand its software interests and to play a major role in the software arena.