UK-based NFC chip technology and tag company Innovision today announced another contract for its NFC chip designs with what the company described as a major semiconductor supplier.
The deal will generate about $2 million in revenue this fiscal year, mainly in licensing fees, and more than $6 million over several years, including revenue from royalties, projected the company.
The deal follows a licensing and development contract the company announced in April with another unidentified global semiconductor supplier. Innovision has earlier said it has similar deals with five of the top 10 to 20 makers of wireless chips for phones. The chips combine two or more wireless technologies, such as Bluetooth, GPS, FM radio and WiFi. With Innovision intellectual property, the chip makers could include NFC functionality, as well, said the company. The chips are mainly destined for smartphones.