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LONDON, Oct 15 (Reuters) - Rival semiconductor giants ARM and Intel have agreed to work together to manage networks of connected devices from both firms, clearing a major stumbling block to market growth of the so-called Internet of Things (IoT).
In hindsight, even EU officials have acknowledged there was an excess of austerity over a short period after the 2008 financial crisis, compounded by the sovereign debt crisis in a half-dozen EU nations a few years later.
"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.
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During the debt crisis, struggling nations from Greece to Portugal were barred from more conventional methods like massive borrowing to spend their way out of bad times and instead had to tighten their belts.
ARM's recently introduced Pelion IoT management platform will rely on Intel's Secure Device Onboard specifications announced a year ago.
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)
Finance Minister Christian Lindner said that "it is clear that any reform of the European fiscal rules must correspond to the core principle of ensuring financial stability." German reaction was swift - and predictable.
When they got out of the car, one of the women felt unwell. The 34-year-old, also a taxi driver, allegedly took the opportunity to pounce on the two women, sneaking up behind them and attacking both in turn.
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.
Most of the world's biggest suppliers of IoT chips rely on low-power ARM designs, 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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European Commission President Ursula von der Leyen, center, talks with European Commissioner for Energy Kadri Simson, right, and European Commissioner for Health and Food Safety Stella Kyriakides as they arrive for the weekly College of Commissioners meeting at EU headquarters in Brussels, Wednesday, Nov.
After the 27-nation bloc had to spend its way out of a COVID-19 recession and as another downturn looms with Russia's war in Ukraine worsening inflation, the challenge is keeping investment high and debt levels manageable.
BRUSSELS (AP) - The European Union is considering more lenient economic recovery proposals that veer away from the grinding, and several other countries during the debt crises a decade ago and helped push millions into poverty, homelessness and unemployment.
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The reduction of debt "was not successful because the rules became more and more unrealistic. Gentiloni went close to saying as much Wednesday. And when you have unrealistic path, at the end you have no path."
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