Rivals ARM And Intel Make Peace To Secure Internet Of Things
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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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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.
ACCC Chair Gina Cass-Gottlieb said in a statement that the fine "clearly signals to businesses that misleading consumers about the cost of a product or service is a serious matter which can attract substantial penalties".
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).
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The judge had made clear that the lower penalty "should not be understood as any reduction in the court's resolve to impose penalties appropriate to ... deterring contraventions of the Australian Consumer Law", Cass-Gottlieb added.
"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, Trikeri airport bus an ARM senior Volos Airport airport to city taxi cost vice president and general manager for Volos Airport greece taxi fare to airport its IoT Cloud Services division, told Reuters in an interview.
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ride-sharing app broke consumer law by misleading customers with warnings they would be charged for cancelling some rides from 2017 to 2021 and by using an inaccurate software algorithm to estimate fares for a taxi service it offered until August 2020, the Federal Court ruled.
