Summary: Google has their own Trusted Platform Module (TPM)
I'll make an effort to dig a little deeper and compare/contrast what Google is implementing with the TPM invented by IBM in ~2002ish, but I'm guardedly confident that the deltas won't be too much. That TPM chip (the HW implementation) is licensed to and implemented by many, many OEMs.
The only real story then would be that Google is rolling their own version of a TPM.
If I'm wrong, please let me know where I've fallen short and I'll thank folks in advance for any corrections or clarifications.