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ARTICLE · 15 JANUARY 2013

MOFCOM cleared Joint Venture between ARM, Giesecke & Devrient and Gemalto, with Conditions

King & Wood Mallesons
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The Joint Venture will provide security solutions, or trusted execution environments, for consumer electronic devices.

ChinaGovernment, Public Sector
Susan Ning
Susan Ning
Ji Kailun
Ji Kailun
Hazel Yin
Hazel Yin

On December 6th, 2012, the Ministry of Commerce ("MOFCOM") cleared the proposed establishment of a joint venture ("JV") by ARM Holdings plc ("ARM"), a UK semiconductor intellectual property ("IP") supplier, Giesecke & Devrient GmbH ("G&D") and Gemalto NV ("Gemalto"), both providers of security solutions, with behavioral conditions. This marks the third conditional clearance of JVs issued by MOFCOM. The JV will be engaged in providing security solutions named trusted execution environments ("TEE") for consumer electronic devices.

Review Timeline.

According to MOFCOM's announcement1 , the first submission was made on May 4th, 2012, and was officially accepted almost two month later on June 28th. This case entered into the Phase II period, and the clearance was obtained towards the end of the extended Phase II period.

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