The Class 12-capable design is based on the company's OMAP platform and puts an applications processor, digital baseband, analog baseband, power management, an audio codec and a single-chip Bluetooth device on a credit-card size board.

Since the capability of a smart card is defined by the capability of its MCU and memory, multi-application banking cards and computer network security cards require a new generation of smart card ICs. This, in turn, has sparked development of enhanced 16- and 32-bit devices with larger memory sizes and even hardware co-processors. Overall it is looking increasingly like 32-bit is where the action will be in the marketplace, as these MCUs have the ability to support both current and future service needs, enabling the rollout of next-generation applications without having to re-architect the system.

Some reports said the government may still consider increased equity by foreign firms on a case-by-case basis.