Rival semiconductor giants ARM and Intel (INTC.O) 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).

Britain’s ARM, a unit of Japan’s Softbank Corp (4726.T), 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.

Source: Rivals ARM and Intel make peace to secure Internet of Things | Reuters