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Although WiMax counts Intel Corp as a supporter, LTE got ahead in the race after Vodafone, Verizon Wireless, China Mobile and Japan’s NTT DoCoMo, have rallied behind it.
Fourth-generation telecoms networks promise to make everything from mobile-video sharing to music downloads speedier.
Semmoto also said Apple Inc’s iPhone was a "total failure" in the U.S. market, considering how few of the phones have sold compared with those from rivals, such as Nokia.
He praised iPhone’s functions but blamed the choice of network. AT&T is the only carrier for the iPhone in the United States.
"If I have a chance to talk to Steve, I’d like to tell him face to face: You made a wrong choice," he said.
U.S.-educated Semmoto is a director and trustee of Reuters Founders Share Company.
(Reporting by Sachi Izumi)