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GMI Technology Enters Security Chipset Market

GMI Technology Inc. (Public, TPE: 3312) announced that it has entered the security chipset market by partnering with Gemalto. Gemalto (Euronext NL0000400653 GTO) is the world leader in digital security with more than 13,000 employees located in 43 countries. GMI will initially target the point-of-sale (POS) and EMV banking card markets in mainland China.

Commenting on the announcement, Lewis Lo, GMI President, said, “We are excited to enter this fast growing strategic market via our new partnership with Gemalto. They have an impressive range of high quality and high performance security hardware and software products. Our initial customers are very pleased with the products we have delivered.”  

“We are very pleased to partner with a company with GMI’s capabilities,” stated Philippe Inserra, Gemalto Vice President APAC. “GMI’s strong engineering and sales teams, and strength in Greater China will enable us to reach our aggressive growth targets”.