Security is critical for companies that wish to do business over connected devices, ARM said in a statement.
The security technology for smart connected devices developed by the joint venture will be based on technology from the companies investing in the joint venture, it added.
ARM plans for example to make its ARM TrustZone security technology, integrated into the ARM Cortex-A processor series, the basis for the development of a Trusted Execution Environment (TEE), a secure environment for software execution that will utilize advanced hardware security coupled with industry standard software interfaces.
The move by ARM resembles closely Intel's bid to build hardware-assisted security products, branded DeepSAFE, after its US$7.68 billion acquisition of McAfee. DeepSAFE technology sits beyond the operating system and close to the silicon.