ARM, Gemalto and Giesecke & Devrient Joint Venture

ARM, Gemalto and Giesecke & Devrient announce the creation of a joint venture

CAMBRIDGE, UK - APRIL 03 2012

ARM, Gemalto and Giesecke & Devrient today announced the creation of a joint venture dedicated to delivering a trusted, secure environment for advanced services running on smartphones, tablets and other smart connected devices.

Each of the three companies is contributing assets to the new independent company, including patents, software, people, cash and capital equipment. ARM is providing working capital and employees, mainly engineers and market development staff. The cash contributed by ARM is not significant in the context of ARM's balance sheet.

ARM will own 40% of the joint venture, with Gemalto and Giesecke & Devrient owning 30% each.

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