Arm has announced that it is forming a joint venture with two other European firms, in order to push the adoption of a common security standard across mobile devices, from smartphones to tablets, as well as on game consoles and smart TVs.
The security standard in question aims to make online transactions both easier and more secure, for both consumers and businesses alike.
The other two firms involved are security experts Gemalto and Giesecke & Devrient, with both of these taking on a 30 per cent share of the venture, and Arm scooping up the remaining 40 per cent.
A new UK-based company will be formed by the trio, aiming to "accelerate the adoption of a common security standard, enabling a vibrant ecosystem of secure service providers to emerge".
Ben Cade, CEO of the new as yet unnamed venture, commented: "ARM integrates its TrustZone architecture into every ARM Cortex-A family processor to help our silicon partners deliver the deepest level of security in their hardware."
"The new venture will combine the security operations from three leading organizations. This will provide a trusted software environment capable of utilizing security from the hardware level up, in a consistent, open and accessible manner. This will pave the way for service providers to innovate advanced, trusted services that will enhance user experiences whilst also reducing risks and improving privacy."
Source: Wall Street Journal