ARM embarks on joint venture over mobile security services

 
City A.M. Reporter
BRITISH chip designer ARM Holdings said yesterday it was tying up with Dutch smart card maker Gemalto and German technology firm Giesecke & Devrient to increase security for services running on smartphones and tablets.

The companies said the joint venture would drive adoption of a common security standard in mobile devices.

ARM’s chief executive Warren East said up to now the integration of the hardware, software and services necessary for system-wide security had been too 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,” he said.

ARM, which designs the chips used in nearly all mobile phones, will own 40 per cent of the joint venture, while the other companies will own 30 per cent each.