UK processor IP firm ARM, freshly acquired by Japan’s giant telco Softbank, unveiled two new products last week – a multi-codec video processor focused on the new standard codec, HEVC, and a GPU (graphics processing unit) to drive mobile augmented reality (AR) and virtual reality (VR) use cases. ARM is clearly confident that the popularity and prevalence of VR and AR applications in the mobile market will continue to soar, as the newly launched Mali-G51 chip aims to take hold of the mainstream smartphone space, building on the achievements of the Mali-G71 GPU in premium mobile devices. The Mali-G51 GPU is essentially a downgrade from the Mali-G71 GPU which it showed off at the Computex trade show in Taiwan earlier…