NFC Times Exclusive Insight – NXP Semiconductors reported growth in its Secure Connected Devices unit, which includes its NFC chips and secure elements, as the Netherlands-based chip maker is benefitting from the rollout of mobile payments services by smartphone OEMs and renewed interest in NFC transit ticketing in China.
CEO Richard Clemmer said the unit showed strong seasonal growth, which he said he expects to continue in the third quarter.
Speaking to financial analysts following release of NXP Semiconductors’ second quarter earnings report late last week, Clemmer attributed the improvement in the segment to its “largest smartphone customer,” along with the launch of new models from South Korean and Chinese smartphone manufacturers.