European Firms Form JV to Develop Trusted Environment for Mobile Devices
April 10, 2012
British chipmaker ARM, Dutch smart card manufacturer Gemalto and German security firm Giesecke & Devrient recently created a joint venture that will develop “a secure, accessible environment for advanced services,” including payments, on smartphones, tablets, smart-TVs and game consoles. The JV will allow third-party application providers to develop trusted apps that will be able to tap into ARM’s TrustZone architecture and the MobiCore trusted environment developed by G&D, to secure data as it moves from mobile device to mobile device.
“The integration of the hardware, software and services necessary for system-wide security has been slow,” said Warren East, CEO of ARM. “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.”
The companies note that ARM will own 40 percent of the joint venture, with Gemalto and Giesecke & Devrient each owning 30 percent.