NXP Semiconductors said today it generated about $70 million in sales from its NFC chips and secure elements in the fourth quarter of 2012, up 20% over the previous quarter and three times the chip maker’s NFC revenue in the fourth quarter of 2011.
That quarter-on-quarter growth rate is down from the third quarter of 2012, in which NXP said sales of NFC chips and secure elements increased by 30% from the previous quarter.
The Netherlands-based chip maker, which dominated the NFC chip market in 2012, is starting to face growing competition from such chip makers as Broadcom. But NXP president and CEO Richard Clemmer said today that there would be plenty of business to go around.