ARM has unveiled the latest iteration of its Mali graphics processing unit (GPU), aiming it at wearables, embedded and IoT devices. The British silicon designer says the new Mali-470 provides smartphone-quality graphics in a low-power package that halves the power consumption using the same geometry. The 32-bit and 64-bit compatible Mali-470 is available for immediate licensing, and ARM expects the first products to use the GPU to appear in late 2016. Citing smartwatches, home gateways, home appliances, industrial control panels and healthcare monitors as likely customers, ARM is positioning this as an IoT processor through and through. This is a market expansion for ARM, whose Mali family is currently found in more than a billion devices – which either use…