The new IP suite features ARM Cortex-A12 processor, Mali-T622 GPU, company's new Mali-V500 video application and POP IP technology.
UK-based microprocessor developer ARM has unveiled an IP application targeting mid range mobile devices.
The new IP suite includes ARM Cortex-A12 processor, Mali-T622 GPU, Mali-V500 video application and POP IP technology, and the company targets to supply it to about 580 million mid-range smartphones and tablets which is estimated to hit the market in 2015.
The company claims that the new IP suite will have improved power, performance and die size.
ARM also claimed that the new suite will offer virtualisation features, big.LITTLE processing and GPU compute at mid-range price.
Company's POP technology and the Development Studio 5 (DS-5) toolchain, the suite will help its partners to deliver smartphones and tablets with higher efficiency and reduced time to market, ARM said.
The company expects that the new suite will power mobile devices by mid-2014.
ARM chief marketing officer and executive VP, Ian Drew, said mobile users expect a range of devices at different price points and for a mid-range mobile experience to include some high end mobile features.
"With a billion smartphones predicted to ship in 2013 and tablets projected to out-ship notebook PCs, device-makers can now provide quality, high-performance mobile products with the features that matter the most, at a range of price points," Drew said.
"The market is evolving at an amazing rate and there is now a choice of solutions for semiconductor companies and for mobile device-makers. Our suite of optimised IP expands the choice for the mid-range mobile market.