ARM sets up common security standard for devices

ARM is setting up a joint venture with security technology companies Gemalto and Giesecke & Devrient to arrive at a common security standard for connected devices such as tablets, smart-TVs, games consoles and smartphones, the company said Tuesday.

ARM which holds a dominant share of processors that go into smartphones, said it will hold 40 percent of the joint venture with the other partners holding 30 percent each.