Netherlands-based chip supplier NXP Semiconductors reported decreased revenue for its emerging ID unit, which includes its NFC mobile transactions business, but alluded to its design win for the Samsung Galaxy S5. The company also remained optimistic about EMV and denied seeing host-card emulation as a threat.
NXP’s ID segment accounted for $319 million in sales during the quarter, a 3% decrease from the fourth quarter end of 2013 and a 6% increase compared with the same period the previous year.
NFC Times reported in early March that NXP won the contract to supply the NFC controllers for Samsung’s new flagship over rival Broadcom, which had supplied the chip for the Galaxy S4.