World’s leading security solutions provider, Infineon Technologies AG (IFNNY), confirmed its latest business venture with Microsoft (MSFT) when its OPTIGA TPM (Trusted Platform Module) chip was selected to secure Microsoft Surface Pro 3 tablets. However, the news failed to cheer investor sentiment as Infineon’s shares declined 2.41% during the trading session on Feb 9, primarily on broader market concerns.
Improved Security
With increasing usage of the Internet in all business spheres, possibility of security breaches have also increased manifold. Infineon’s trusted platform module is a comprehensive security controller system that meets a wide spectrum of security needs ranging from platform authentication to integrity checks.
Surface Pro 3 is extensively used in aviation industry where security concerns are of utmost importance. Infineon’s TPM 2.0 uses latest technology for providing the highest quality security to Surface Pro 3 tablets. Trusted Computing Group, a governing body supervising the TPM specifications, is further responsible for extending security measures to computing devices.
It has been observed that devices which use built-in TPM are better equipped for verifying authentication, and protecting data and user identities, thereby, holistically improving the integrity of the network. Infineon’s latest offering, OPTIGA TPM, is in sync with the company’s long-term goal of providing trusted computing services by fostering “Root of Trust” security applications. Management believes that the new application will not only enhance the security standards of Surface Pro 3 tablets, but also improve customer satisfaction.
To Conclude
The latest business enterprise with Microsoft seems to be a prudent decision, given the positive product reviews of Surface Pro 3 tablets and Infineon’s excellent reputation as a supplier of comprehensive security solutions. The company has chosen an appropriate time to venture into the arena of mobile devices, which, nowadays, has become an essential part of any business. Ensuring highest security for huge data remains the ultimate concern for business houses and Infineon’s security solutions fittingly suffice this purpose.
Infineon currently has a Zacks Rank #2 (Buy). Some better-ranked stocks in the industry include Cirrus Logic Inc. (CRUS) and FormFactor Inc. (FORM) both of which sport a Zacks Rank #1 (Strong Buy).
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