CHIP DESIGNER ARM has announced that it will form a joint venture with Gemalto and Giesecke and Devrient to develop a trusted execution environment for devices.
ARM announced it will be working with security vendor Gemalto and controversial money house Giesecke and Devrient to create a secure environment on consumer embedded devices. ARM will be investing money to create a trusted execution environment that it hopes will be present on all 'connected devices' - smartphones, tablets, televisions and games consoles.
ARM's joint venture is still pending regulatory approval, but should it go through ARM will have a 40 per cent stake in the venture. ARM's reward is that the trusted execution environment will be based around its Trustzone technology.
Olivier Piou, CEO of Gemalto said, "Our combined efforts will result in the ecosystem as a whole being able to capitalize on the built-in security architectures, especially for transient data such as encryption keys for digital movie rentals, and reduce uncertainties for service providers wanting to launch and manage new services."
Curiously the three companies haven't named the joint venture yet but have installed Ben Cade as CEO. He said, "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."
The yet-to-be-named firm will likely push its trusted execution environment into areas were companies need to have control over how their applications and data are being used. That means not only e-commerce applications but digital rights management, hence Piou's reference to it being used in televisions and for digital movie rentals. µ