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This will allow customers using IoT chips based on either company's products to manage them in the same system, executives at the two companies said in separate blog posts. (Reporting by Eric Auchard in London; editing by Jason Neely)

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Most of the world's biggest suppliers of IoT chips rely on low-power ARM designs, Tailor Made Tour guided tours including NXP, Renesas and Microchip's Atmel, while Intel, known for its powerful data-crunching processors, dominates the cloud data centre market, where IoT data are analysed and processed, Gartner analyst Bill Ray said.

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Britain's ARM, a unit of Japan's Softbank Corp, said on Monday it had struck a strategic partnership with Intel to use common standards developed by Intel for managing IoT devices, connections and data.

"We see a significant acceleration in terms of how the market will grow in terms of the number of managed devices and the volume of data that moves through these systems," Himagiri Mukkamala, an ARM senior vice president and general manager for its IoT Cloud Services division, told Reuters in an interview.

LONDON, Oct 15 (Reuters) - Rival semiconductor giants ARM and Intel have agreed to work together to manage networks of connected devices from both firms, minivan transfers clearing a major stumbling block to market growth of the so-called Internet of Things (IoT).