Raspberry Pi Foundation updates Compute Module with a faster ARM processor. It announced the new Compute Module 3 (CM3) on January 16, 2017. Internet of things (IoT) device enthusiasts will be pleased with a powerful new option for embedded compute abilities. It will only cost you 30 USD as well.

Two versions of the Compute Module 3 (CM3) were revealed on Monday. The standard version CM3 sports a BCM2837 processor at up to 1.2GHz with 1GByte RAM, the same as Pi3, plus 4Gbytes of on-module eMMC flash. The new board is meant to help manufacturers produce high-quality hardware that is cost effective at the same time. The other version is the 'Compute Module 3 Lite' (CM3L) which will still have the BCM2837 and 1Gbyte of RAM with an SD card interface to Module pins allowing an eMMC or SD card to be wired up.

The CM3 is built to be backwards-compatible with CM1. Users must take note that the new Module is actually 1mm taller than the original one. Designers might need to think of thermals as the processor which will be steaming under the CPU load as the processor core supply (VBAT) will be drawing a significant current.

Raspberry Pi, the Foundation's main product, is a form-factor ARM-powered computer that fits in your hand. It was initially developed in 2012 as a way to promote basic computer science and electrical engineering to kids and curious learners, especially in developing nations. It amassed a great following which includes the education section and DIY electronic buffs. Raspberry Pi Zero was announced in 2015 for just $5 while Raspberry Pi 3 with Wi-Fi and Bluetooth was announced in 2016.

In line with the new Launch, the foundation will also be releasing a new Compute Module IO Board V3 (CMIO3), a starter breakout board that provides the necessary power to the Module. The Foundation's partners, RS Components and Premier Farnell will also be ready to give full development kits, which can help users start designing using the Compute Module 3.