Microprocessor business ARM has announced a joint venture with security technology companies Gemalto and Giesecke & Devrient.
The new partnership, which is subject to regulatory approval, will develop technology to improve security across tablets, smart TVs, games consoles and smartphones.
Gemalto and Giesecke & Devrient are both already long-standing ARM partners. ARM will own 40% of the joint venture, with Gemalto and Giesecke & Devrient each owning 30%.
Warren East, the CEO of ARM, said “The integration of the hardware, software and services necessary for system-wide security has been slow. I am confident that this new joint venture will accelerate the adoption of a common security standard, enabling a vibrant ecosystem of secure service providers to emerge. This will be of significant step in terms of improved consumer trust in secure transactions on connected devices.”
Ben Cade, the General Manager of ARM’s Secure Services Division, will be CEO of the new venture.