Seven years ago, the then-independent British company ARM created a joint venture, Trustonic, with the Dutch company Gemalto to promote digital security technologies. During its operation, the Trustonic JV acquired hundreds of clients, including leading manufacturers of smartphones, as well as manufacturers of cars and various consumer electronics. Surprisingly, despite all this, Trustonic shows a net loss every year. Last year, for example, it lost €8,3m (£6,4m) on revenue of €9,9m. To cover losses, the company even took out loans of 8,4 million euros from its two shareholders.
In the end, the publication will report , the ARM asset manager Vision Fund of the Japanese company SoftBank has decided to sell its stake in Trustonic. Recall that SoftBank acquired ARM in 2016 for £24,3 billion. It was proposed to the JV partner Gemalto, which, in turn, was in 2017 by the French group Thales for 4,8 billion euros. Then it became the largest event in the European IT market. In fact, if the deal goes through, Trustonic will go under the wing of Thales.
Trustonic's clients include NVIDIA, Huawei, Samsung, Sony and Motorola. Trustonic controllers provide secure support for fingerprint scanners in smartphones and more. Casio uses the company's security system in its smartwatches, and Volkswagen, on the Trustonic platform, offers keyless car door unlocking using an app.
Source: 3dnews.ru