Inside Secure today announced it has shipped 20 million NFC chips the past 12 months and said its chips will be used by a leading phone maker on a major mobile platform–as it seeks to build interest in its renewed IPO.
Inside plans to announce the relaunch of its initial public offering process tomorrow in Paris, seven months after postponing the IPO, citing financial turmoil in the Eurozone. Despite ongoing European debt woes, the France-based chip maker believes the time is right in the NFC industry to go public.
In its announcement today, Inside did not identify the new major phone maker or platform that will use its NFC chips, saying only it's a leading phone maker that will introduce a smartphone by mid-2012 using Inside’s MicroRead chip and its NFC software stack. Inside said it would be a “next-generation” handset and would run “one of the most widely used mobile operating systems under license.”